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.