Eurocurrency deposit

• A short-term fixed rate time deposit denominated in a currency other than the local currency (i.e. US$ deposited in a London bank).

• Deposits made in a bank or bank branch that is not located in the country in whose currency the deposit is denominated. Dollars deposited in a London bank are Eurodollars; German marks deposited there are Euromarks.

 Embedded terms in definition
Time deposit
 Related Terms
 Certificate of deposit
Deposit note
Eurocurrency loan market
Eurocurrency market
Federal deposit insurance corporation
Federal deposit insurance corporation fdic
Negotiable certificates of deposit
Negotiated certificate of deposit
Savings deposit
Security deposit initial
Security deposit maintenance related
Time deposit

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