Money market instruments

type of financial market

very short-term collateralized financial loan between two parties

financial instrument

document guaranteeing the payment of a specific amount of money, either on demand, or at a set time

Eurodollars are U.S. dollars held in time deposit accounts in banks outside the United States. The term was originally applied to U.S. dollar accounts held in banks situated in Europe, but it expanded over the years to cover U.S. dollar accounts held anywhere outside the U.S. Thus, a U.S. dollar-denominated deposit in Dubai or Singapore would likewise be deemed a Eurodollar deposit (sometimes an Asiadollar). More generally, the euro- prefix can be used to indicate any currency held in a country where it is not the official currency, broadly termed "eurocurrency", for example, Euroyen or even E

marketable, fixed-interest U.S. government debt security

financial product

Financial instrument

type of government bond jointly issued by eurozone countries