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| Definition Of: |
Eurodollars
Eurodollars are deposits of U.S. dollars in banks or other financial institutions which are located outside the borders of the United States. In every other way, Eurodollars are identical to any other U.S. dollars. These same dollars are also called offshore dollars, or depending where the money is on deposit, Asian dollars. The use of "Euro" in connection with dollars reflects the beginnings of holding deposits offshore. Likewise, a Eurocurrency (or external currency) is the deposit of one nation's currency in another country. A Eurobond is a bond which is denominated in a currency and traded in a market outside of the issuing country.
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Transportation Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 2 3 4 5 6 A: Page 1 of 6.
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