Certificates of deposit issued in U.S. dollars by foreign banks and foreign branches of U.S. banks.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved