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Dollar drain |
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Dollar drainThe impact of importing from foreign countries more than exporting to them. The money required to finance the import purchases removes dollars from the importing nation.Dollar drain Similar MatchesPetrodollarsPetrodollarsDeposits by countries that receive dollar revenues from the sale of petroleum to other countries; the term commonly refers to OPEC deposits of dollars in the OPEC OPEC. Constant dollar planConstant dollar planA plan which enables investors to accumulate shares in a mutual fund by purchasing them on a regular basis (for example monthly) with a fixed dollar amount. The dollar amount buys more shares when the price is low than when it is high, and over time the investor will have accumulated shares at a cost which is neither high nor low, but average for the period in question. Hence the other name for this process - 'dollar cost averaging'. In the UK, the same principles apply to savings plans for unit trusts, and the process is called 'pound cost averaging'. Weak dollarWeak dollarA depreciated dollar with respect to other currencies, meaning that more dollars are needed to buy a unit of foreign currency. Antithesis of strong dollar. Eurodollar certificate of depositEurodollar certificate of depositA certificate of deposit paying interest and principal in dollars, but issued by a bank outside the United States, usually in Europe. Dollar price of a bondDollar price of a bondPercentage of face value at which a bond is quoted. Further SuggestionsConstant dollar planeurodollar Hard dollars soft dollars Two dollar broker Equal dollar swap Asian dollar market Eurodollar obligations dollar cost averaging Purchasing power of the dollar Petrodollar Strong dollar Eurodollar Eurodollar Dollar bears Constant dollars Fixed dollar obligations Dollar shortage Dollarization Fixed dollar security Salomon Brothers Non US Dollar World Government Bond Index Trade weight value of the dollar Dialing for dollars Total dollar return Dollar cost averaging |
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