Term Money definition
Term Money means borrowing or lending in unsecured funds for periods exceeding 14 days and up to one year.
Term Money means deals in funds for 15 days-1 year.
Examples of Term Money in a sentence
The Trust Company shall also not be liable to the extent that investments made by the Trust Company at the direction of the Company pursuant to clause (a) or (b) of this Section 3.1 do not constitute Short- Term Money Market Instruments.
The Fitch Discount Factor applied to short-term portfolio securities, including without limitation Corporate Debt Securities, Short Term Money Market Instruments and municipal debt obligations, will be (A) 100%, so long as such portfolio securities mature within, or have a demand feature at par exercisable within, the Exposure Period; and (B) 125%, so long as such portfolio securities neither mature within nor have a demand feature at par exercisable within the Exposure Period.