break the buck


break the buck

In US money market funds, to have the value of a company's individual shares fall below one dollar (in slang, referred to as a "buck"). During the recession, a great number of companies that broke the buck ended up closing altogether.See also: break, buck

break the buck

To fall below the value of one dollar. Used of the net asset value of a mutual fund, especially a money market fund.See also: break, buck