Money market
Money market is a financial market for short-term debt securities. Short-term assumes that their maturities are less than one year. Debt securities may include short-term certificates of deposit (CDs), municipal notes, or U.S. Treasury bills.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Money market. A financial market for debt securities with maturities of less than 1 year (short-term). The New York money market is the world's largest.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Money markets. The financial markets in which funds are borrowed or loaned for short periods (less than one year).
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
