London Interbank Offered Rate: an interest rate at which banks can borrow from one another. It is set daily based on an average of the rates set by major banks around the world
A dual-track system could replace the troubled Libor benchmarkrate as early as next year.
Synonyms and related words
General words relating to banking
a/c
APR
a run on something
Libor
noun uncountable economics
US /ˈlaɪˌbɔːr/
or LIBOR
DEFINITIONS1
1
London Interbank Offered Rate: an interest rate at which banks can borrow from one another. It is set daily based on an average of the rates set by major banks around the world
A dual-track system could replace the troubled Libor benchmarkrate as early as next year.