universal life insurance
A form of term life insurance in which the premiums are paid from the insured’s earnings from a money-market fund.
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Search Results for: money-market fund
money market account
money-market account. An interest-bearing account at a bank or other financial institution. • Such an account usu. pays interest competitive with money-market funds but allows a limited number of transactions per month. See money market under MARKET.
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m3
M3. A measure of the money supply including M2 items, plus large time deposits and money-market funds held by institutions.