Eurodollar certificate of deposit

Definition:

A certificate of deposit paying interest and principal in dollars, but issued by a bank outside the United States, usually in Europe.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Laffer curve

A curve conjecturing that economic output will increase if marginal tax rates are cut. Named after economist Arthur Laffer.

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