plural noun
surplus revenues in dollars accumulated by petroleum-exporting countries, as those of the Middle East, especially when then used for foreign loans or investments.

1970–75; petro-2 + dollars Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To petrodollar
World English Dictionary
petrodollar (ˈpɛtrəʊˌdɒlə)
money, paid in dollars, earned by a country for the exporting of petroleum

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source's 21st Century Lexicon
Main Entry:  petrodollar
Part of Speech:  n
Definition:  a unit representing money earned by a petroleum-producing and -exporting country's 21st Century Lexicon
Copyright © 2003-2014, LLC
Cite This Source
Word Origin & History

1974, "surplus of petroleum exports over imports of all other goods," as a notational unit of currency (in ref. to OPEC nations), formed in Eng. from petro-, comb. form of petroleum (q.v.) + dollar.
Online Etymology Dictionary, © 2010 Douglas Harper
Cite This Source
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature