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Eurodollar Deposits Financial Glossary

What is it? Bank deposits denominated in U.S. dollars but held at locations outside of the U.S. Initially, the term only referred to dollar deposits in London; later it became applicable to dollar deposits anywhere in Europe or the Caribbean; now it often refers to dollar deposits at any offshore location. The deposits may be held by the foreign branches of U.S. banks or by non-U.S. banks. Eurodollar deposits may be Eurodollar certificates of deposit or simply Eurodollar time deposits.

Finance Term Definition Added By: Drew

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