break the buck

Language: en

Meaning: (US,idiomatic,finance,of a money-market fund)To fall below thevalueof onedollarpershare.[1]2000, Charles A. Jaffe,Chuck Jaffe’s Lifetime Guide to Mutual Funds: An Owner’s Manual, Perseus Books Group,→ISBN,page110,→ISBN:In 1994, during the Orange County bankruptcy, a few funds were poised tobreak the buck, until their parent companies stepped in.2008September 19, “Money-Market Funds Get $50 Billion Backstop From US (Update1)”, inBloomberg:"We were likely going to see more funds halt redemptions" andbreak the buck. The insurance program is part of a wider rescue package […]

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