Money market demand account

An account that pays interest based on short-term interest rates. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • money market demand account — ( MMDA) An account that pays interest based on short term interest rates. Same as a money market deposit account …   Financial and business terms

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  • money — moneyless, adj. /mun ee/, n., pl. moneys, monies, adj. n. 1. any circulating medium of exchange, including coins, paper money, and demand deposits. 2. See paper money. 3. gold, silver, or other metal in pieces of convenient form stamped by public …   Universalium

  • Demand deposit — Banking A series on Financial services …   Wikipedia

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