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| Definitions by InvestorWords.com |
| What is...? |
| money market fund An open-end mutual fund which invests only in money markets. Only those administered by banks are FDIC-insured, but some others are privately insured. The fund's net asset value remains a constant $1 per share to simplify accounting, but the interest rate does fluctuate. also called money fund. see also sweep account. |
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