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breaking a buck

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Financial Dictionary

breaking a buck

A decline below $1 in the share price of a money market fund. A money market fund share price may break a dollar if a major decline occurs in the value of securities owned by the fund. For example, a corporation may default on commercial paper held by a fund.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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