(1) A segment of the financialmarket in which financial instrumentswith high liquidityand very short maturities aretraded. The money market isused by participants as ameans for borrowing and lendingin the short term, fromseveral days to just under ayear. Some of the money marketinstruments are: TreasuryBills (T-Bills), CommercialPapers (CPs), RepurchaseAgreements (Repo), Banker’sAcceptance, etc.