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.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Eurodollar certificate of deposit Eurodollar market