Definition of LIBOR

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TeachMeFinance.com - explain LIBOR



LIBOR -- see London Interbank Offered Rate.

London Interbank Offered Rate (LIBOR) -- the interest rate offered by a specific group of London banks for U.S. dollar deposits of a stated maturity. LIBOR is used as a base index for setting rates of some adjustable rate financial instruments.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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