Definitions

1. noun

A dollar-denominated time deposit or certificate of deposit issued by a bank in the European Union or other countries, outside the United States.

“The bank issued a significant amount of eurodollars, which helped stabilize the global financial market.”

2. noun

A unit of a dollar-denominated currency or financial instrument, especially one that is traded or held outside the United States.

“The value of eurodollars has been rising steadily due to the increased demand for international trade.”