Abstract. Suppose C is a bounded chain complex of finitely generated free modules over the Laurent polynomial ring L = R [x, x −1 ]. Then C is R-finitely dominated, i.e. homotopy equivalent over R to a bounded chain complex of finitely generated projective R-modules if and only if the two chain complexes C ⊗ L R((x)) and C ⊗ L R((x −1 )) are acyclic, as has been proved by Ranicki (A. Ranicki, Finite domination and Novikov rings, Topology 34(3) (1995), 619-632).are rings of the formal Laurent series, also known as Novikov rings. In this paper, we prove a generalisation of this criterion which allows us to detect finite domination of bounded below chain complexes of projective modules over Laurent rings in several indeterminates.2000 Mathematics Subject Classification. Primary 55U15; Secondary 18G35.Finiteness conditions for chain complexes of modules play an important role in both algebra and topology. For example, given a group G, one might ask whether the trivial G-module ޚ admits a resolution by finitely generated projective [ޚG]-modules; existence of such resolutions is relevant for the study of group homology of G, and has applications in the theory of duality groups [1]. For topologists, finite domination of chain complexes is related, among other things, to questions about finiteness of CW complexes, the topology of ends of manifolds and obstructions for the existence of non-singular closed 1-forms [5,7].A chain complex C of R[x, x −1 ]-modules is called finitely dominated if it is homotopy equivalent, as a complex of R-modules, to a bounded complex of finitely generated projective R-modules. Finite domination of C can be characterised in various ways; Brown considered compatibility of the functors M → H * (C; M) and M → H * (C; M) with products and direct limits, respectively [1, Theorem 1], whereas Ranicki showed that C is finitely dominated if and only if the Novikov homology of C is trivial (see [5, Theorem 2], and Theorem 1.2 in this paper).