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.
London Interbank Offered Rate (LIBOR) appears in the definitions of the following terms: floating rate note, prime lending rate, LIBOR, London Interbank BID (LIBID) rate, interbank offered rate (IBOR), Paris Interbank Offered Rate (PIBOR) and accrual note
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