A
security issued or
traded in a country using a
currency other than the one in which the security is denominated. This means that the security uses a certain currency, but operates outside the jurisdiction of the
central bank that issues that currency. Eurosecurities are
issued by
multinational corporations; for example, a British company may issue a
bond in Germany, denominating it in
U.S. dollars. The term has nothing to do with the
euro; the prefix "euro-" is used more generally to refer to
deposits outside the jurisdiction of the domestic
central bank.