Petrodollars

Definition:

Deposits by countries that receive dollar revenues from the sale of petroleum to other countries; the term commonly refers to OPEC deposits of dollars in the Eurocurrency market.

Investing Essentials


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

Term of the Day

Net present value of growth opportunities

A model valuing a firm in which net present value of new investment opportunities is explicitly examined.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio