Definition for : Money-market funds

Money-Market funds are mutual funds that issue or buy back their shares at the request of Investors at prices that must be published daily. The Return on a money-Market fund arises on the daily appreciation in the Net asset value of a fund. This Return is similar to that of the money Market. Money Market funds are also called cash mutual funds.

(See Chapter 47 Leveraged buyouts (LBOs) of the Vernimmen)

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