LIBOR

See: London Interbank Offered Rate

London Interbank Offer Rate

The interest rate participating banks offer to other banks for loans on the London market. LIBOR is the most widely used benchmark for short term interest rates in the world, primarily because most of the world's largest borrowers borrow money on the London market. Because it is so prominent, it is often used in other transactions, such as swaps. For example, an interest rate swaps may give the floating rate as "LIBOR +/- X base points." It is set each day by the British Bankers Association, which calculates it by averaging short term, inter-bank, deposit interest rates among the most creditworthy banks. See also: EURIBOR.

LIBOR

See London interbank offered rate.

LIBOR (London Interbank Offered Rate)

the INTEREST RATE on dollar and other foreign currency deposits at which larger banks are prepared to borrow and lend these currencies in the EUROCURRENCY MARKET. The LIBOR rates reflect market conditions for international funds, and are widely used by the banks as a basis for determining the interest rates charged on dollar and foreign currency loans to business customers.

LIBOR (London Interbank Offered Rate)

the INTEREST RATE on dollar and other foreign currency deposits at which larger banks are prepared to borrow and lend these currencies in the EUROCURRENCY MARKET. The LIBOR rates reflect market conditions for international funds and are widely used by the banks as a basis for determining the interest rates charged on dollar and foreign currency loans to business customers.

LIBOR

(pronounced “lie-bore”) London Interbank Offered Rate.The rate that European banks use to charge interest to each other on large loans.LIBOR is used as an index for many commercial loans in the United States,rather than a reference to the prime rate.Often quoted as something similar to “135 basis points over 1-year LIBOR,”so that if LIBOR on 1-year loans is currently at 5.66 percent,then the quoted loan rate for the customer will be 5.66 percent plus 1.35 percent,or 7.01 percent.

LIBOR

LIBOR

Libor

LIBOR

LIBOR

London Interbank Offer Rate

LIBOR

LIBOR (London Interbank Offered Rate)

LIBOR (London Interbank Offered Rate)

LIBOR

LIBOR