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eurodollar

 

Definitions from WordNet

Noun eurodollar has 1 sense
  1. Eurodollar - a United States dollar deposited in a European bank and used as an international currency to finance trade
    --1 is a kind of
    United States dollar; Eurocurrency

Definitions from the Web

Eurodollar

Noun:

1. A eurodollar is a U.S. dollar deposited in a bank outside of the United States and therefore outside the jurisdiction of the Federal Reserve. Eurodollars are commonly used in international trade and finance.

Sample sentence:
- Global corporations often hold eurodollars in overseas banks to facilitate their international business transactions.
- The company lost a significant amount of profit due to fluctuations in eurodollar exchange rates.


Adjective:

1. Referring to or denoting something related to eurodollars.

Sample sentence:
- The company's eurodollar investments provided a stable source of income.
- Investors seek eurodollar bonds for their advantageous interest rates.


Related Products:

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