Series 66: 2.4.17. Money Market Securities

2.4.17. Money Market Securities

Money market securities are debt securities that mature in one year or sooner. Money market securities are usually highly liquid, meaning they can be easily bought and sold. They are also considered very safe. In fact, they are often referred to as cash equivalents, because they are almost as liquid and as safe as cash. They usually offer interest payments, but the yields are small compared to those of riskier, longer term investments. M