London Interbank Offered Rate (LIBOR) - Financial definition
Financial acronyms
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Concise definition of the term London Interbank Offered Rate
LIBOR stands for a series of short term interest rate indexes which are administered by the Intercontinental Exchange and published by Thomson Reuters on a daily basis for five currencies and seven borrowing periods.
Comprehensive definition of the term London Interbank Offered Rate
A LIBOR rate for a given currency and term is the interest rate at which banks offer to lend funds to one another in the international interbank market.