A money market mutual fund pays a comparatively high yield for a very secure investment. Money market mutual funds are ranked just slightly higher than FDIC insured bank products on overall risk factors and money market mutual funds usually pay a slighter yield than bank products. Money market mutual funds often give the customer limited check writing privileges that offers easy access to their funds. For these reasons, money market mutual funds are one valuable resource for holding short term assets for an emergency fund or for preplanned large expenditures or as a safe heaven during times of investment uncertainty.
Rates Current as of Friday March 12, 2010
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An employee of the Comptroller of the Currency whose function is to examine national banks periodically to determine the financial position of a bank and the security of its deposits. The examiner also verifies that the bank maintains procedures consistent with Federal banking laws and regulations.
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The cardholder’s account balance as of the previous billing statement.
It’s an accounting fiction. Money-market funds are just short-term bond funds. Although the target price for each share is $1, a bond might be at 0.998 cents on the dollar while another is at 1.00123 cents, and it all balances out to $1 per share.
One who is owed money.
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The possibility that a bond owner will receive his or her principal investment back from the issuer prior to the bond’s maturity date.
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An open-ended mutual fund that invests in short-term debts and monetary instruments such as Treasury bills and pays money market rates of interest. Money market funds usually offer checkwriting privileges. Money market mutual funds are not insured by the FDIC.
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