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