break the buck

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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.
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Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

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
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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