international finance
type: Concept
narrower: LIBOR

LIBOR
type: Concept
definition: LIBOR, or London Interbank Offered Rate, is the interest rate at which banks in London will lend large-denomination Eurocurrency deposits to other banks for specific maturities. LIBOR is the ask price in a bid/ask spread interest rate quotation. [Source: Encyclopedia of Business in Today's World; LIBOR]
broader: international finance

concepts
type: Collection
type: ConceptGroup
member: LIBOR