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Eurocurrency
[ yoor-oh-kur-uhn-see, ‑-kuhr‑, yur‑ ]
noun
, plural Eu·ro·cur·ren·cies.
- funds deposited in the bank of a European country in the currency of another country.
eurocurrency
/ ˈjʊərəʊˌkʌrənsɪ /
noun
- sometimes capital
- 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
- ( as modifier )
the eurocurrency market
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Word History and Origins
Origin of Eurocurrency1
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