money market instrument

(MMI)
Financial instrument designated at issuance as such with a short-term life, usually twelve months or less, e.g. treasury bills or commercial paper.

Euroclear glossary. 2008.

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  • money market rate — In asset/liability management, the phrase money market rate is used to distinguish a rate set in actively traded markets from a rate that is administratively set by banks or other financial institutions. Rates on short term U.S. Treasury notes… …   Financial and business terms

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  • money — In usual and ordinary acceptation it means coins and paper currency used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W.2d 74, 79, 81 …   Black's law dictionary

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