euronote Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: euronote
euronote

short-term unsecured promissory notes issued by high quality corporate, financial, or sovereign borrowers. An alternative to syndicated credit facilities, Euronotes have maturities of 7 to 365 days. The most active sector is notes of 30- to 180-day maturities. Typically, Euronotes are issued in bearer form and sold at discount. Euronotes are denominated in dollars or the European Currency Unit

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