eurodollar
Eurodollar. United States currency held in a bank outside the U.S., usu. in Europe, and used to settle international transactions.
Search Results for: EURODOLLAR
london interbank offered rate
London Interbank Offered Rate. A daily compilation by the British Bankers Association of the rates that major international banks charge each other for large-volume, short-term loans of Eurodollars, with monthly maturity rates calculated out to one year. • These daily rates are used as the underlying interest rates for derivative contracts in currencies other than
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