federal funds

plural noun

: reserve funds lent overnight by one Federal Reserve bank to another

Word History

First Known Use

1924, in the meaning defined above

Time Traveler
The first known use of federal funds was in 1924

Dictionary Entries Near federal funds

federalese

federal funds

federalism

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Cite this Entry

“Federal funds.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/federal%20funds. Accessed 24 Nov. 2024.

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