Eurodollar

Definition of "Eurodollar"
  1. A type of Eurocurrency which is denominated in U.S. dollars held in banks outside of the United States
How to use "Eurodollar" in a sentence
  1. The company chose to deposit its excess cash into a Eurodollar account in a foreign bank.
  2. He decided to invest in Eurodollar due to its competitive interest rates.
  3. Due to economic turmoil in their home country, many businesses were holding Eurodollar.

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