Eurodollar Obligations (redirected from Eurodollar Obligation)

Eurodollar obligations

Certificates of deposit issued in U.S. dollars by foreign banks and foreign branches of U.S. banks.

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Eurodollar Obligations

Bonds or, more commonly, certificates of deposit issued in U.S. dollars but outside the jurisdiction of the Federal Reserve. Most of the time, a eurodollar obligation is held by a non-American bank or a foreign branch of an American bank. However, a dollar-denominated obligation is considered a eurodollar obligation if it is held anywhere outside the United States. See also: eurodollar.