- LIBOR
- The London Interbank Offered Rate; the rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the U.S. are based on spreads off of LIBOR. There are many different LIBOR tenors. The New York Times Financial Glossary————London Interbank Offered Rate (LIBOR)The rate the highest quality banks pay for Eurodollar deposits. There is a different LIBOR for each deposit maturity. LIBOR is commonly used as an index that represents short-term rates. American Banker Glossary————A short-term interest rate often quoted as a 1,3,6-month rate for U.S.dollars. Bloomberg Financial Dictionary————London Inter-bank Offered Rate. The price at which short term deposits are traded among major banks in London. Chicago Mercantile Exchange Glossary————See London Inter Bank Offered Rate. Dresdner Kleinwort Wasserstein financial glossary————See London Interbank Offered Rate Euroclear Clearing and Settlement glossary————The rate charged by one bank to another for lending money. Exchange Handbook Glossary————London Interbank Offer Rate (Libor)The London Inter-Bank Offer Rate is the rate of interest which applies to the wholesale money markets lending between London banks. Financial Services Glossary
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LIBOR LIBOR [ˈliːbɔː, ˈlaɪ- ǁ -ɔːr] nounLondon Interbank Offered Rate; the rate of interest at which London banks lend money to each other. Other rates of interest are often based on this rate — compare Euribor, FIBOR, SIBOR* * *
The London Interbank Offered Rate. The rate at which banks are prepared to lend money market funds to each other. Libor is a key interest rate level used for setting rates on loans and floating rate notes. The coupon on floating rate notes is often a fixed number of basis points above three-month dollar Libor.* * *
Libor UK US (also LIBOR) /ˈlaɪbɔːr/ noun BANKING, FINANCE► ABBREVIATION for London Inter-Bank Offered Rate: the interest rate at which UK banks lend to each other. Libor is also used to set other interest rates: »These bonds pay an interest rate that is half a percentage point over Libor.
Financial and business terms. 2012.
