ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
MONEY MARKET CERTIFICATE Definition
MONEY MARKET CERTIFICATE is a security issued by commercial banks and savings and loan associations. Money market certificates pay a yield often based on the going Treasury bill rate. Interest rates on certificates normally remain fixed over their maturity and investors face an interest penalty for early withdrawal.
Learn new Accounting Terms
INTERNATIONAL FUND is a (mutual) fund that can invest only outside the home country, e.g. the United States.
MINORITY INTEREST is the interest or percentage ownership of a group of stockholders who, in total, own less than 50% of the shares in the corporation.