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moneymarket certificate

 - 1 dictionary result

mon⋅ey-mar⋅ket certif⋅icate

[muhn-ee-mahr-kit]
–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.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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