Business / Taxes / Eurocurrency: Eurocurrency is any major currency that is deposited by a national government or corporation based outside the country where the bank receiving the funds is located. For example, Japanese yen deposited in a British bank by a Japanese car manufacturer is considered eurocurrency. Eurocurrency is used in international trade and to make international loans.

Eurocurrency Deposit

Business / Finance / Eurocurrency Deposit: Instrument issued outside your country, but denominated in your currency. A Eurodollar is a Certificate of Deposit in U.S. dollars in some other country (though mainly traded in London). A Euroyen is MORE

Eurocurrency Market

Business / Finance / Eurocurrency Market: A short-term fixed-rate time deposit denominated in a currency other than the local currency (i.e., U.S. dollars deposited in a London bank). MORE


Business / Finance / Eurodollar: The money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender. MORE