Eurodollar Floating-Rate Certificate Of Deposit

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Definition: Eurodollar Floating-Rate Certificate Of Deposit

Eurodollar Floating-Rate Certificate Of Deposit
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Full Definition of Eurodollar Floating-Rate Certificate Of Deposit

A floating-rate certificate of deposit (FRCD) that is denominated in US dollars but provided by non-US banking institutions. Unlike a Eurodollar CD however, these instruments are characterized by their varying interest rates which are adjusted periodically when LIBOR changes.

Cite Term

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Page URL
https://payrollheaven.com/define/eurodollar-floating-rate-certificate-of-deposit/
Modern Language Association (MLA):
Eurodollar Floating-Rate Certificate Of Deposit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/eurodollar-floating-rate-certificate-of-deposit/.
Chicago Manual of Style (CMS):
Eurodollar Floating-Rate Certificate Of Deposit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/eurodollar-floating-rate-certificate-of-deposit/ (accessed: April 19, 2024).
American Psychological Association (APA):
Eurodollar Floating-Rate Certificate Of Deposit. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/eurodollar-floating-rate-certificate-of-deposit/

Definition Sources

Definitions for Eurodollar Floating-Rate Certificate Of Deposit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 21st November, 2021 | 0 Views.