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Eurodollar deposits

• Deposits of currency not native to the country in which the bank is located; negotiable, usually pay interest at maturity, and are typically denominated in units of $1 million. Provide yields above nearly all other marketable securities with similar maturities.

 
 Embedded terms in definition
 Currency
Interest
Marketable securities
Maturity
Securities
 
 Related Terms
 Core deposits
Demand deposits
Eurodollar
Eurodollar bonds

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