MONEY-MARKET CERTIFICATE


Meaning of MONEY-MARKET CERTIFICATE in English

/mun"ee mahr'kit/

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.

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .