Definition
Interest rate at the midway between LIBOR and LIBID rates, used as a reference for floating rate payments.
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Nearby Terms
- log-linear least-squares method
- logo
- Lombard rate
- Lome convention
- London Club
- London Interbank BID (LIBID) rate
- London Interbank MEAN (LIMEAN) rate
- London Interbank Offered Rate (LIBOR)
- London International Financial Futures & Options Exchange (LIFFE)
- London Metal Exchange (LME)
- London Stock Exchange (LSE)
- long arm statute
- long coupon
Popular 'Banking, Commerce, Credit, & Finance' Terms
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