Turkish - English
Definition of eurodolar in Turkish English dictionary
- Eurodollar
- A deposit, in US dollars, held in a bank outside of the United States
- a US dollar that has been put in a European bank or lent to a European customer to help trade and provide an international money system. U.S. dollar that has been deposited outside the U.S., especially in Europe. Foreign banks holding Eurodollars are obligated to pay in U.S. dollars when the deposits are withdrawn. Most Eurodollars are used to finance trade, but many central banks also operate in the Eurodollar market. See also currency, foreign exchange