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Eurodollar

Definition: U.S. dollar on deposit in a European bank. Definition: [crh] Refers to a certificate of deposit in U.S. dollars in a bank that is not located in the U.S. Most of the Eurodollar deposits are in London banksDefinition: , but Eurodeposits may be anywhere other than the U.S. Similarly, a Euroyen or Euro DM deposit represents a CD in yen or Definition: REF="/?rd=DM">DM outside Japan and Germany, respectively.

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