eurodollar

eurodollar definition - finance
A U.S. dollar that is held in banks outside the United States, often received as payment for goods or services in international transactions. Some fixed-income securities are issued in eurodollars and pay interest in dollars deposited into foreign bank accounts. Most, but not all, eurodollars are located in Europe.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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