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Eurodollar

American  
[yoor-uh-dol-er, yur-] / ˈyʊər əˌdɒl ər, ˈyɜr- /

noun

  1. a U.S. dollar deposited in or credited to a European bank.


eurodollar British  
/ ˈjʊərəʊˌdɒlə /

noun

  1. (sometimes capital) a US dollar as part of a European holding See eurocurrency

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of Eurodollar

First recorded in 1955–60; Euro- + dollar

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Eurodollar futures have priced in policy easing by the first quarter of next year.

From Reuters • Jul. 11, 2022

The sizable jump in net longs in Eurodollar futures foreshadowed a dramatic drop in short-dated U.S.

From Reuters • Sep. 22, 2015

Clearly, in this exercise, so much depends on whether the Eurodollar deposit rate is a strong proxy for Libor that was not manipulated.

From New York Times • Dec. 20, 2012

So investors may want to purchase two-year Treasury notes, which yielded 0.74 percent on Feb. 4 compared with 0.54 percent Jan. 28, or buy Eurodollar contracts that expire within the year, he said.

From BusinessWeek • Feb. 7, 2011

U.S. exchanges developed modern-day futures, including popular contracts based on Treasury bonds and the Eurodollar.

From Time Magazine Archive

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