interbank call money market

Definition

Money market that is short term and allowing a large financial institution to borrow or loan money at interbank rates. These institutions can include banks, corporations, and mutual fund companies. These loans are typically short and last only approximately one week. They are made primarily to assist banks in meeting their reserve requirements.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
inter-bank interbank deposits