funds deposited in the bank of a European country in the currency of another country.
- Also called Eu·ro·mon·ey [yoor-uh-muhn-ee, yur‐]. /ˈyur əˌmʌn i, ˈyɜr‐/.
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British Dictionary definitions for eurocurrency
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
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