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.

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eurodollar British  

/ ˈjʊərəʊˌdɒlə /

noun

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

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Etymology

Origin of Eurodollar

First recorded in 1955–60; Euro- + dollar

Example Sentences

Relatively large exposures based on Libor remain, however, in the Eurodollar space, for short-term contracts used to speculate or hedge against interest rate moves.

From Reuters • Dec. 28, 2021

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

In recent years, London, The heart of the large Eurodollar market, has jumped ahead of New York City in many foreign banking operations.

From Time Magazine Archive