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m investment & finance definition
- Used in bond transaction tables in newspapers to indicate a bond that has matured and is no longer drawing interest: Cuba 4 1/2 77m.
- Used in the dividend column of stock transaction tables of newspapers to indicate an annual dividend rate that is reduced on the last declaration date: .20m.
The most restrictive measure of the domestic money supply that incorporates only money that is ordinarily used for spending on goods and services. M1 includes currency, checking account balances (including NOW accounts and credit union share draft accounts), and travelers' checks. This money measure is closely watched by financial observers because it is a key indicator of past and future Federal Reserve actions.
A measure of the domestic money supply that includes M1 plus savings and time deposits, overnight repurchase agreements, and personal balances in money market accounts. Basically, M2 includes money that can be used for spending (M1) plus items that can be quickly converted to M1.
A very broad measure of the domestic money supply that includes M2 items plus any large time deposits and money market fund balances held by institutions.
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