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Meaning / Definition of

London International Financial Futures And Options Exchange

Categories: Global, Options, Futures,

an exchange for trading financial futures and options. Established in 1982 as the London international financial futures Exchange, it offered contracts on interest rates denominated in most of the world's major currencies until 1992, when it merged with the london traded options market, adding equity options to its product range. In 1996 it merged with the London commodity exchange, adding a variety of soft commodity and agricultural commodity contracts to its financial portfolio. From November 1998, trading gradually migrated from the floor of the exchange to screen-based trading. It was acquired by the Euronext exchange in 2002 and is now part of the nyse euronext group as NYSE Liffe.

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Definition / Meaning of

Money Market Mutual Fund

Categories: Mutual Funds, Bonds and Treasuries,

An open-end mutual fund which invests only in money markets. These funds invest in short term (one day to one year) debt obligations such as treasury bills, certificates of deposit, and commercial paper. The main goal is the preservation of principal, accompanied by modest dividends. The fund's net asset value remains a constant $1 per share to simplify accounting, but the interest rate does fluctuate. money market funds are very liquid investments, and therefore are often used by financial institutions to store money that is not currently invested. Unlike bank accounts and money market accounts, most deposits are not FDIC insured, but the risk is extremely low (only those funds administered by banks are FDIC-insured, but some others are privately insured). Although money market mutual funds are among the safest types of mutual funds, it still is possible for money market funds to fail, but it is unlikely. In fact, the biggest risk involved in investing in money market funds is the risk that inflation will outpace the funds' returns, thereby eroding the purchasing power of the investor's money. also called money fund or money market fund.

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