The Arabs, using excess dollars (the so-called petrodollars) from the quadrupling of crude oil prices,…invested close to $11 billion in the U.S. in 1974 (New York Sunday News).
Useful english dictionary. 2012.
petrodollars — pet|ro|dol|lars [ˈpetrəuˌdɔləz US trouˌda:lərz] n [plural] money earned by the sale of oil ▪ the flow of petrodollars into the American economy … Dictionary of contemporary English
petrodollars — pet•ro•dol•lars [[t]ˈpɛ troʊˌdɒl ərz[/t]] n. pl. bus revenues in dollars accumulated by petroleum exporting countries, esp. of the Middle East • Etymology: 1970–75 … From formal English to slang
petrodollars — Deposits by countries that receive dollar revenues from the sale of petroleum to other countries; the term commonly refers to OPEC deposits of dollars in the Eurocurrency market. Bloomberg Financial Dictionary * * * petrodollars pet‧ro‧dol‧lars… … Financial and business terms
