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TeachMeFinance.com - explain London interbank offered rate (LIBOR) London interbank offered rate (LIBOR) The term 'London interbank offered rate (LIBOR) ' as it applies to the area of agriculture can be defined as ' The interest rate that major international banks charge each other for large volume loans of Eurodollars (U.S. dollars on deposit outside of the United States)'. Previous 5 Terms: logic logic problem Logical Observation Identifiers, Names And Codes loimic loimology Next 5 Terms: Long Long Range Long Term Retention Long ton Long ton 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.