Euromarket

American  

[yoor-oh-mahr-kit, yur-, yoor-uh-mahr-, yur-] / ˌyʊər oʊˈmɑr kɪt, ˌyɜr-, ˈyʊər əˌmɑr-, ˈyɜr- /

noun

1. Also Euromart Common Market.

2. Finance.  the money market in Eurocurrency or Eurobonds.

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euromarket British  

/ ˈjʊərəʊˌmɑːkɪt /

noun

1. a market for financing international trade backed by the central banks and commercial banks of the European Union

2. the European Union treated as one large market for the sale of goods and services

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Etymology

Origin of Euromarket

Euro- + market

Example Sentences

As dollars accumulated outside America, the Euromarket, where lenders and borrowers were free to set rates between them, developed in London.

From Economist

London became the centre of the so-called Euromarket, attracting more international banks than New York.

From Economist

It is no wonder that the Japanese have a yen for the deregulated Euromarket.

From Time Magazine Archive

The Panamanian companies were the ultimate recipients of between $1.2 billion to $1.4 billion raised in the Euromarket by Banco Ambrosiano and two of its subsidiaries.

From Time Magazine Archive