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Investing Glossary: Eurodollar

Copyright 2010, Campbell R. Harvey. All Rights Reserved.
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Term:
Eurodollar
Definition:
Refers to a Certificate of deposit in US dollars in a bank that is not located in the US Most of the Eurodollar deposits are in London banks, but Eurodeposits may be anywhere other than the US Similarly, a Euroyen or Euro DM deposit represents a CD in yen or DM outside Japan and Germany, respectively.



 

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3/20/2010 - SV1