   
|
|
Xenocurrency
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
Xenocurrency refers to a currency that is traded or circulated in a country other than its native country, the country issuing the currency. The prefix "xeno" actually means "foreign" or "strange," so Xenocurrency literally means "foreign currency." An example of Xenocurrency would be the Chinese Yuan when it is traded outside of China - perhaps in the United States. When Xenocurrency is deposited in a bank outside its domestic country, especially if it is deposited in a European country, then the Xenocurrency may be referred to as eurocurrency; this does not require that the Xenocurrency involve European countries. This form of Xenocurrency originally referred to non-European deposits held in European banks, but is now used in a more generic sense.
Rate this Xenocurrency definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: option premium, deferred revenue, annual return, per diem, inflation, 144a, Zero Cost Collar, current ratio, 1035 exchange, labor relations, retained earnings, 401a, liquidity ratio, irrevocable trust, Key Rate Duration, risk management, debt service coverage, balance sheet, deferred tax, quality assurance, dividends payable, class C shares, ex-dividend date, stock split, ex-dividend, 1031 exchange, command economy, reverse mortgage, stock market close, EBITDA, margin rate, LIBOR, required rate of return, FICO score, VIX, limit order, APR, minority interest, open position, implied volatility, average price per share, phantom income, FTSE, real GDP, diluted share, wholly-owned subsidiary, in escrow, cancelled check, covered put
|
|
| |