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money belt
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money market definitions

WordNet (r) 3.0 (2005)

1: a market for short-term debt instruments

Merriam Webster's

noun Date: 1950 the trade in short-term negotiable instruments (as certificates of deposit or United States Treasury securities)

Britannica Concise

Set of institutions, conventions, and practices whose aim is to facilitate the lending and borrowing of money on a short-term basis. The money market is, therefore, different from the capital market, which is concerned with medium- and long-term credit. The transactions that occur on the money market involve not only banknotes but assets that can be turned into cash at short notice, such as short-term government securities and bills of exchange. Though the details and mechanism of the money market vary greatly from country to country, in all cases its basic function is to enable those with surplus short-term funds to lend and those with the need for short-term credit to borrow. This function is accomplished through middlemen who provide their services for a profit. In most countries the government plays a major role in the money market, acting both as a lender and borrower and often using its position to influence the money supply and interest rates according to its monetary policy. The U.S. money market covers financial instruments ranging from bills of exchange and government securities to funds from clearinghouses and certificates of deposit. In addition, the Federal Reserve System provides considerable short-term credit directly to the banking system. The international money market facilitates the borrowing, lending, and exchange of currencies between countries.

Collin's Cobuild Dictionary

(money markets) A country's money market consists of all the banks and other organizations that deal with short-term loans, capital, and foreign exchange. (BUSINESS) On the money markets the dollar was weaker against European currencies. N-COUNT


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