Eurodollar

Definition

An American dollar held by a foreign institution outside the U.S., usually a bank in Europe, often as a result of payments made to overseas companies for merchandise.

Use Eurodollar in a sentence

You need to make sure that you are getting a good rate any time you will be exchanging for the eurodollar.

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Their investment strategy was heavy on the Eurodollar, and so far the payoff had worked well enough to quiet the critics for the time being.

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The company has holdings in eurodollars through our bank which has a few branches in europe. We don't have to be bothered with federal regulations when doing business in this manner.

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Interbank Rate either-way market