Definitions for "money market account"
A savings account which shares some of the characteristics of a money market...
A type of bank account which earns an interest rate comparable to that obtained in the money market. Banks normally require minimum account balances to be maintained and impose minimum withdrawal conditions on this type of account.
An account that invests in commercial paper, banker’s acceptances, repurchase agreements, government securities, certificates of deposit, and other liquid assets that pay money market rates of interest. The net asset value of a money market fund remains at $1 per share, with only the interest rate going up and down.