What does eurodollar mean?
Definitions for eurodollar
ˈyʊər əˌdɒl ər, ˈyɜr-eu·rodol·lar
This dictionary definitions page includes all the possible meanings, example usage and translations of the word eurodollar.
Princeton's WordNet
Eurodollarnoun
a United States dollar deposited in a European bank and used as an international currency to finance trade
Wiktionary
Eurodollarnoun
A deposit, in US dollars, held in a bank outside of the United States
ChatGPT
eurodollar
A eurodollar is a term used to denote a U.S. dollar that is deposited in banks outside of the United States, particularly in Europe. These deposits are made primarily by U.S. residents and entities that operate internationally. The term is not restricted to just Europe or dollars; it signifies any U.S. dollar deposited in a bank outside of the U.S. irrespective of the country. Eurodollars are used for international transactions and lending purposes.
Wikidata
Eurodollar
Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the U.S., allowing for higher margins. The term was originally coined for U.S. dollars in European banks, but it expanded over the years to its present definition—a U.S. dollar-denominated deposit in Tokyo or Beijing would be likewise deemed a Eurodollar deposit. There is no connection with the euro currency or the eurozone. More generally, the euro- prefix can be used to indicate any currency held in a country where it is not the official currency: for example, euroyen or even euroeuro.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of eurodollar in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of eurodollar in Pythagorean Numerology is: 4
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"eurodollar." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/eurodollar>.
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