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Eurodollar |
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EurodollarOriginally referred to U.S. dollar-denominated deposits in commercial banks located in Europe. Over time, the term came to include deposits in a commercial bank in any country denominated in any currency other than that of the country. Now sometimes called eurocurrencies.EurodollarRefers to a certificate of deposit in US dollars in a bank that is not located in the US Most of the Eurodollar deposits are in London banks, but Eurodeposits may be anywhere other than the US Similarly, a Euroyen or Euro DM deposit represents a CD in yen or DM outside Japan and Germany, respectively.EurodollarUS dollar currency deposited in banks outside the USA.Similar MatchesEurodollar 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. Eurodollar obligationsEurodollar obligationsCertificates of deposit issued in US dollars by foreign banks and foreign branches of US banks. |
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