MONEY MARKET FUND Definition

Bookmark and Share

MONEY MARKET FUND is a fund that invests in various short-term debt instruments, i.e., commercial paper, negotiable certificates of deposit, bankers acceptances, Treasury bills, etc. Shares seek to maintain a net asset value of $1 but the interest rate changes daily.

Learn new Accounting Terms

GROSS NEGLIGENCE is any action or an omission in reckless disregard of the consequences to the safety or property of another. Sometimes referred to as "very great negligence" and it is more then just neglect of ordinary care towards others or just inadvertence. Also known as the Latin term culpa lata.

AVERAGE COST is total cost for all units bought (or produced) divided by the number of units.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.