THE LONDON INTERBANK OFFERED RATE (L.I.B.O.R.)


Meaning of THE LONDON INTERBANK OFFERED RATE (L.I.B.O.R.) in English

The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the U.S. are based on spreads off of L.I.B.O.R. There are many different L.I.B.O.R. tenors .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.