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Eurodollar floating-rate certificate of deposit
Definition
A floating-rate certificate of deposit (FRCD) that is denominated in US dollars but provided by non-US banking institutions. Unlike a Eurodollar CD however, these instruments are characterized by their varying interest rates which are adjusted periodically when LIBOR changes.
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Nearby Terms
- Eurocurrency deposit
- Eurocurrency market
- Eurodollar
- Eurodollar bond
- Eurodollar certificate of deposit
- Eurodollar floating-rate certificate of deposit
- Eurodollar market
- Euroequity issues
- Euromarket
- Euronext
- Euronext Lisbon
