Eurocurrency

noun

Eu·​ro·​cur·​ren·​cy ˌyu̇r-ō-ˈkər-ən-sē 

-ˈkə-rən-

: moneys (as of the U.S. and Japan) held outside their countries of origin and used in the money markets of Europe

Word History

First Known Use

1961, in the meaning defined above

Legal Definition

Eurocurrency

noun

Eu·​ro·​cur·​ren·​cy ˌyu̇r-ō-ˈkər-ən-sē 

plural Eurocurrencies

: currency (as from the U.S. and Japan) held outside its country of origin and used in the money markets of Europe