money market deposit account
A type of savings account in which the bank or brokerage firm invests Funds held on deposit in short-term debt obligations. A money market deposit account often offers limited check-writing privileges and pays an interest rate that is typically higher than a regular savings account but lower than a certificate of deposit or other time deposit. Also referred to as a money market demand account or simply as a Money Market Account. Compare to money market fund.

Browse by Subjects

Popular Economy Terms

internal rate of return
holding company
Statement of Auditing Standards
cheque account
Thrift Financial Report
retracement
International Financial Reporting Standards
Option Holder
diseconomies of scale
ordinary shareholder