tax-exempt money market fund


Definition
Extremely liquid money market fund that only invests in short-term and tax-exempt municipal securities. The income that is derived from these investments may be minimal, but the income is tax-free nonetheless. Some tax-exempt money market funds provide higher yields depending on the current state of credit markets.


Related Personal Finance Articles

Loading...

tax-exempt money market fund in the news

Loading...
Enter your email address to get our free Term of the Day newsletter!

tax-exempt money market fund is ...

... part of the Mutual Funds subject.

Search volume for tax-exempt money market fund

Browse 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