Eurodollars

Eurodollars

U.S. dollars placed on deposit in banks outside the United States; usually refers to deposits in Europe. Ex - From - When used in pricing terms such as "ex factory" or "ex-dock," it signifies that the price quoted applies only at the point of origin (in the two examples, at the seller's factory or a dock at the import point). In practice, this kind of quotation indicates that the seller agrees to place the goods at the disposal of the buyer at the specified place within a fixed period of time.

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Part of Speech: proper noun
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Industry/Domain: Economy
Category: International trade
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Related terms

Eurodollar

Banking; Investment banking

Eurodollars are dollar balances and dollar liabilities beyond the borders of the United States. These transactions collectively form the Eurodollar market. See also Euromarket.

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eurodollar

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U.S. dollar deposits placed with banks outside the U.S. Holders may include individuals, companies, banks and central banks.

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United Nations Center for International Trade Law (UNCITRAL)

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Economy; International trade

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Customs duty rate which varies in response to domestic price criterion.

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waiver

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