London Interbank Offered Rate (LIBOR)

Definition

Interest rate at which the London banks are willing to offer funds in the inter-bank market. LIBOR is the average of rates which five major London banks are willing to lend $10 million for a period of three or six months, and is the benchmark rate for setting interest rates for adjustable-rate loans and financial instruments.


London Interbank Offered Rate (LIBOR) is...

... in the Banking, Commerce & Finance subject.

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