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Euromarket
[yoor-oh-mahr-kit, yur-, yoor-uh-mahr-, yur-]
euromarket
/ ˈʊəəʊˌɑːɪ /
noun
a market for financing international trade backed by the central banks and commercial banks of the European Union
the European Union treated as one large market for the sale of goods and services
Word History and Origins
Origin of Euromarket1
Example Sentences
As dollars accumulated outside America, the Euromarket, where lenders and borrowers were free to set rates between them, developed in London.
London became the centre of the so-called Euromarket, attracting more international banks than New York.
It is no wonder that the Japanese have a yen for the deregulated Euromarket.
The Panamanian companies were the ultimate recipients of between $1.2 billion to $1.4 billion raised in the Euromarket by Banco Ambrosiano and two of its subsidiaries.
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