Money Market Instrument

Definition

Money Market Instrument. A short-term debt security that gives the owner the unconditional right to receive a stated, fixed sum of money on a specified date

These instruments usually are traded at a discount in organized markets; the discount is dependent upon the interest rate and the time remaining to maturity. Included are such instruments as treasury bills, commercial and financial paper, bankers' acceptances, negotiable certificates of deposit (with original maturities of one year or less), and short-term notes issued under note issuance facilities.

See Also

• https://stats.oecd.org/glossary/detail.asp?ID=6073

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.