Concept information
Preferred term
LIBOR
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 concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/LIBOR
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