The correct answer is: A loan by a company in one country denominated in the currency of another country.
Eurocurrency is any currency held by individuals and institutions outside the country of issue of that currency.
A eurocurrency loan is a transaction in the eurocurrency markets which are typically short term loans. It is debt not equity.
The term euro refers to the historical development of these markets in Europe. Euro loans can be in a variety of currencies, not just euros (the currency of many European Union states).
