Dollars held outside the United States

Dollars held outside the United States are called eurodollars, even if they are held in markets outside Europe, such as Singapore or the Cayman Islands.

deposits denominated in U.S. dollars

Just to clear things up: “Euribor” is an acronym that stands for Euro interbank offer rate, which is the rate Euro zone banks use for inter-bank transactions, while Eurodollars are deposits denominated in U.S. dollars.

U.S. dollar-denominated deposits

Eurodollars are U.S. dollar-denominated deposits at banks located outside the United States.

U.S dollars held in banks in European countries

U.S dollars held in banks in European countries are known as Eurodollars.

unsecured time deposits held outside of the U.S.

Eurodollars are unsecured time deposits held outside of the U.S. (including by foreign branches of U.S. banks) and denominated in U.S. dollars.

dollar deposits in European banks

Originally Eurodollars were dollar deposits in European banks (hence the term 'Eurodollars').

deposited in commercial banks outside the United States

Eurodollars are U.S. dollars deposited in commercial banks outside the United States.

an American dollar on deposit

A Eurodollar is an American dollar on deposit in any bank outside the United States, and is therefore not subject to regulation by the U.S. Federal Reserve or any other American regulating body.

outside the United States

Eurodollars are simply dollar deposits originating outside the United States and thus not subject to US regulations.

USD that are held by banks outside of America

Eurodollars are USD that are held by banks outside of America.

in any bank outside the United States

A Eurodollar is an American dollar on deposit in any bank outside the United States, and is therefore not subject to regulation by the U.S. Federal Reserve or any other American regulating body.

an American dollar on deposit in any rate fixings instruments

A Eurodollar is an American dollar on deposit in any rate fixings instruments, including standard interbank products, commercial field products, to regulation by the U.

U.S. dollars

Eurodollars are essentially U.S. dollars, but they differ from the greenbacks you might have in your wallet.

claims held abroad to dollars in American banks

Eurodollars are claims held abroad to dollars in American banks.

the reserve-currency component of the US dollar

Eurodollars are the reserve-currency component of the US dollar.

USD denominated assets that are held outside US

Firstly you might not know what they are, so – Eurodollars are USD denominated assets that are held outside US.

in any the resulting Libor rates

A Eurodollar is an American dollar on deposit in any the resulting Libor rates, cover for short-term, interbank loans.

the world’s reserve currency, reserve currency's corrosive fingerprints

This eurodollar is the world’s reserve currency, reserve currency's corrosive fingerprints once more all over the global economy.

a futures contract traded between banks that effectively set USD-based lending interest rates in offshore accounts

The Eurodollar is a futures contract traded between banks that effectively set USD-based lending interest rates in offshore accounts.

the most misunderstood aspect of modern finance and banking

Eurodollars are probably the most misunderstood aspect of modern finance and banking.