money-market certificate

US:USA pronunciation: respellingUSA pronunciation: respelling(mun′ē mär′kit)


WordReference Random House Unabridged Dictionary of American English © 2026
mon′ey-mar•ket certif′icate  (mun′ē mär′kit),USA pronunciation 
  1. Banking, Businessa certificate of deposit held for a specified term earning a fixed interest rate keyed to the interest rate of U.S. Treasury bills.
  2. Banking, Businessany type of savings certificate whose interest rate is based on current money-market interest rates.

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