Asset Classes
Money Market Instrument
Definition
What is Money Market Instrument?
A short-term debtBorrowings due within one year. instrument commonly used for liquidityThe ease and speed with which an investment can be converted into cash without a major price concession. management and income.
Example in practice
How This Looks in Practice
Treasury bills and commercial paperShort-term unsecured debt issued by a company. are money market instruments.
Keep learning
Related Terms
Asset Classes
Asset
Anything with economic value that can be owned or controlled.
Asset ClassesAsset Class
A group of investments with similar economic characteristics and market behaviour.
Asset ClassesCash
Money available immediately for spending, settlement, or investment.
Equity InvestingCommon Stock
A share that usually carries voting rights and a residual claim on a company's profits and assets.