TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

money market certificate [1 record]

Record 1 1998-07-13

English

Subject field(s)
  • Currency and Foreign Exchange
  • Banking
DEF

A nonnegotiable certificate of deposit with a minimum denomination of $2,500 and an original maturity of at least seven days.

CONT

Prior to January 1983, when the MMC was deregulated, the account was a six-month CD requiring an initial deposit of $10,000 to open an account, and paying a rate tied to the yield on six-month U.S. Treasury bills.

French

Domaine(s)
  • Politique monétaire et marché des changes
  • Banque
OBS

Dépôt à terme (minimum 2 500$) dont le taux est indexé sur celui des bons du Trésor de la même période

Spanish

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