London Interbank BID (LIBID) rate
Definition
Interest rate at which London banks are willing to borrow from one another in the inter-bank market. LIBID is the average of rates which five major London banks willing to bid for a $10 million deposit for a period of three or six months. See also London Interbank Offered Rate (LIBOR).
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London Interbank BID (LIBID) rate is in the Banking, Commerce & Finance subject.
London Interbank BID (LIBID) rate appears in the definition of the following term: LIBID
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