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Eurocurrency

[yoo r-oh-kur-uh n-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.
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Origin of Eurocurrency

Also called Eu·ro·mon·ey [yoor-uh-muhn-ee, yur‐] /ˈyur əˌmʌn i, ˈyɜr‐/.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for eurocurrency

eurocurrency

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
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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