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money-market certificate

[muhn-ee-mahr-kit]

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noun

1.

a certificate of deposit held for a specified term earning a fixed interest rate keyed to the interest rate of U.S. Treasury bills.

2.

any type of savings certificate whose interest rate is based on current money-market interest rates.

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Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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