Eurocurrency

[ yoor-oh-kur-uhn-see, ‑-kuhr‑, yur‑ ]

noun

, plural Eu·ro·cur·ren·cies.

1. funds deposited in the bank of a European country in the currency of another country.

eurocurrency

/ ˈjʊərəʊˌkʌrənsɪ /

noun

1. sometimes capital
   1. the currency of any country held on deposit in Europe outside its home market: used as a source of short- or medium-term finance, esp in international trade, because of easy convertibility
   2. ( as modifier )

      the eurocurrency market

Word History and Origins

Origin of Eurocurrency¹

Euro- ( def ) + currency ( def )