Money market fund and Mortgage: Difference between pages

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(MMF).  
1.  


A managed fund which invests in money market instruments.
An agreement under which a person borrows money against a security.


Some money market funds are structured as 'liquid' money market funds, designed to be lower risk managed funds by - among other features - investing only in liquid money market instruments of the highest credit quality.
The security can be over any of the borrower’s assets but is commonly property (land and buildings) though it can be any pledgeable asset including, for example, ships or financial assets.
The lender may take possession of the asset if the borrower fails to repay the money.


Other money market funds seek to provide higher average expected income through a longer dated, higher risk and less liquid portfolio.


2.


== See also ==
The loan advanced, and the regular payment of money borrowed, under such an agreement.
* [[Accumulating net asset value]]
* [[Constant net asset value]]
* [[FAM]]
* [[Liquidity fee]]
* [[Liquidity fund]]
* [[LVNAV]]
* [[m]]
* [[mf]]
* [[Money market]]
* [[Money market fund reform: a light at the end of the tunnel?]]
* [[Money Market Funds Regulation]]
* [[Redemption gate]]
* [[Reverse distribution mechanism]]
* [[Rule 2a-7]]
* [[Variable net asset value]]
* [[Weighted Average Life]]
* [[Weighted average maturity]]


Especially a loan secured on residential property.


===Other links===


* [https://www.treasurers.org/hub/treasurer-magazine/how-money-market-funds-are-passing-the-crisis-test How money market funds are passing the crisis test, The Treasurer, June/July 2020]
3.  


*[http://www.treasurers.org/ACTmedia/Fitch%20Question%20Responses%20MMFs.pdf MMF reform: how will it affect treasurers? Fitch-ACT]
''Law''.


*[http://www.treasurers.org/node/9362 Lesson from America, The Treasurer, September 2013]
The legal charge taken by the lender as security for the loans described above.


*[http://www.treasurers.org/node/8266 Credit matters, The Treasurer, October 2012]


*[http://www.treasurers.org/node/8103 Understanding MMF investments, The Treasurer, September 2012]
== See also ==
* [[CMBS]]
* [[First mortgage debenture]]
* [[Fixed charge]]
* [[Liquidity risk]]
* [[LTV]]
* [[Pipeline risk]]
* [[Refinancing risk]]
* [[Security]]
* [[SVR]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Treasury_operations]]
[[Category:Liquidity_management]]

Revision as of 16:37, 14 August 2016

1.

An agreement under which a person borrows money against a security.

The security can be over any of the borrower’s assets but is commonly property (land and buildings) though it can be any pledgeable asset including, for example, ships or financial assets.

The lender may take possession of the asset if the borrower fails to repay the money.


2.

The loan advanced, and the regular payment of money borrowed, under such an agreement.

Especially a loan secured on residential property.


3.

Law.

The legal charge taken by the lender as security for the loans described above.


See also

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