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Eurodollar

American

[yoor-uh-dol-er, yur-] / ˈyʊər əˌdɒl ər, ˈyɜr- /

noun

a U.S. dollar deposited in or credited to a European bank.

eurodollar British

/ ˈjʊərəʊˌdɒlə /

noun

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

"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

Etymology

Origin of Eurodollar

First recorded in 1955–60; Euro- + dollar

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Eurodollar futures have priced in at least one rate cut between March and December 2023 , with the spread between the two contracts at roughly -44 bps on Monday.

From Reuters • Aug. 24, 2022

Eurodollar futures not only suggest a higher peak but also imply rates will stay higher for longer.

From Reuters • Mar. 14, 2022

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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023