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euro

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
Euro
Originally, the term for a deposit made outside one's home country but denominated in the home country currency. This terminology is confusing now since the new European Currency unit, also called the Euro, was introduced on January 1, 1999.
euro
A common currency used by many European countries. The euro was established in 1999 when 11 European countries adopted a common currency in order to facilitate global trade and encourage the integration of markets across national borders. Euro banknotes and coins began circulating in January 2002.
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Broken down by event, Munich Re anticipates a loss of 75 million euro from Hurricane Charley; a 65 million euro hit from Hurricane Frances; a loss of 215 million euro from Hurricane Ivan; a loss of between 80 million euro and 100 million euro from Hurricane Jeanne; and a loss of 40 million euro from typhoons Songda and Chaba in Japan.
Munich Re by Best's Review
The conversion as of 1999 has to be made through the euro (triangulation)--for example, Dutch guilders to euros to French francs, using the fixed conversion factors for guilders and francs to the euro.
Are you Euro-fluent? by Wechsler, Sander S. / Journal of Accountancy
The insured losses appear likely to exceed 2 billion euro (approximately $2 billion), with some estimates reaching as high as $4 billion, based on figures released by insurers and reinsurers across the region.
Under water: Europe's flooding won't swamp insurers with claims, but ... by Noonan, Brendan / Best's Review
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