Economic,Banking and Financial Terms: LIBOR: An abbreviation - TopicsExpress

Economic,Banking and Financial Terms: LIBOR: An abbreviation for London Inter Bank Offer Rate, which is an average of the interest rates at which leading international banks are prepared to offer term EURODOLLAR DEPOSITS to each other. The interest rate differs according to the deposit MATURITY and the soundness of borrowing banks. Libor is also used as a reference rate in quoting interest rates on various other loans.

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