money market

Related Terms
Network of banks, discount houses, institutional investors, and money dealers who borrow and lend among themselves for the short-term (typically 90 days). Money markets also trade in highly liquid financial instruments with maturities less than 90 days to one year (such as bankers' acceptance, certificates of deposit, and commercial paper), and government securities with maturities less than three years (such as treasury bills), foreign exchange, and bullion. Unlike organized markets (such as stock exchanges) money markets are largely unregulated and informal where most transactions are conducted over phone, fax, or online.
Long-term borrowing and lending markets are called capital markets.

Use 'money market' in a Sentence

Despite the interest rate being a little lower, I chose to deposit my inheritance in a money market account instead of my current savings account because I was able to withdraw it more easily.
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Money market securities are attractive to me but the best part of this is the variety of products I have to chose from.
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Benjamin had enjoyed some investment success here and there, but knew he needed some money market experience to turn a profit that would mean something.
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