Broke-the-buck definition

Broke-the-buck means the RPF’s NAV fell below $1.000. At least 21 prime MMMFs would have also broken the buck absent voluntary support from their sponsors (Brady et al (2012)). See, McCabe (2010) for a more robust discussion on 2008’s events.
View Source

Related to Broke-the-buck

  • Seller Related Parties means Seller, RAR, ROP, the Applicable Parties, any Affiliate of Seller and their respective direct or indirect members, partners, stockholders, officers, directors, employees and agents.

  • Seller’s Broker means ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇.

  • Seller Related Party means the Selling Entities and each of their respective stockholders, partners, members, Affiliates, directors, officers, employees, controlling persons and agents.

  • Seller Affiliates has the meaning assigned to such term in Section 2.7.1;

  • Seller Affiliate means any Affiliate of Seller.