Eurodollar

Eurodollar
/yoor"euh dol'euhr, yerr"-/, n.
a U.S. dollar deposited in or credited to a European bank. Cf. Asiadollar.
[1955-60; EURO- + DOLLAR]

* * *

U.S. dollar that has been deposited outside the U.S., especially in Europe.

Foreign banks holding Eurodollars are obligated to pay in U.S. dollars when the deposits are withdrawn. Most Eurodollars are used to finance trade, but many central banks also operate in the Eurodollar market. See also currency, foreign exchange.

* * *

      a United States dollar that has been deposited outside the United States, especially in Europe. Foreign banks holding Eurodollars are obligated to pay in U.S. dollars when the deposits are withdrawn. Dollars form the largest component of all currencies in which such deposits are held and which are generally known as Eurocurrency. The name originated in the early 1960s when eastern European countries wishing to hold dollar deposits outside the United States deposited them in European banks. Later the market involved many non-European countries.

      By accepting a Eurodollar deposit, a bank actually receives a balance with a United States bank. The receiving bank is then able to make dollar loans to customers. Most such loans are used to finance trade, but many central banks also operate in the market.

* * *


Universalium. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • eurodollar — [ ørodɔlar ] n. m. • 1961; de euro et dollar ♦ Fin. Avoir en dollars, déposé dans des banques commerciales européennes. ● eurodollar nom masculin Avoir en dollars détenu par des ressortissants extérieurs aux États Unis et déposé dans une banque… …   Encyclopédie Universelle

  • Eurodollar — Eurodollar,   auf US Dollar lautende Geschäftsbankenguthaben, die zwischen Banken außerhalb des Währungsgebiets der USA, v. a. europäischen Kreditinstituten, für unterschiedliche Laufzeiten bis zu 6 Monaten gehandelt werden. Der Eurodollarmarkt,… …   Universal-Lexikon

  • Eurodollar — Eu·ro·dol·lar /ˌyu̇r ō dä lər/ n: a U.S. dollar held as Eurocurrency Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Eurodollar — Eurodollars are deposits denominated in United States 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… …   Wikipedia

  • Eurodollar — This is an American dollar that has been deposited in a European bank or an U.S. bank branch located in Europe. It got there as a result of payments made to overseas companies for merchandise. The New York Times Financial Glossary Refers to a… …   Financial and business terms

  • Eurodollar — U.S. dollar denominated deposits at foreign banks or foreign branches of American banks. By locating outside of the United States, eurodollars escape regulation by the Federal Reserve Board. Originally, dollar denominated deposits not subject to… …   Investment dictionary

  • Eurodollar — Als Eurodollar werden auf US Dollar lautende Bankeinlagen mit einer Laufzeit bis zu sechs Monaten bezeichnet, die bei Banken außerhalb der USA liegen. Diese Einlagen unterliegen nicht der Kontrolle und der Mindestreservenpolitik der Federal… …   Deutsch Wikipedia

  • Eurodollar — L eurodollar désigne plusieurs choses bien différentes : l une des Euromonnaies ; ce sont des dépôts en dollars détenus par une banque établie hors des États Unis. Ce marché, devenu plus important que le marché monétaire domestique… …   Wikipédia en Français

  • Eurodollar — / jυərəυdɒlə/ noun a US dollar deposited in a bank outside the US, used mainly for trade within Europe ● a Eurodollar loan ● the Eurodollar markets …   Dictionary of banking and finance

  • eurodollar — eu|ro|dol|lar sb., en, s el. eurodollar, (s)ene …   Dansk ordbog

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”