Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,255,009 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

London Interbank Bid Rate
(redirected from Inter Bank Market Bid Rate)

   Also found in: Wikipedia 0.01 sec.
London Interbank Bid Rate (LIBID)
The bid rate that a Euromarket bank is willing to pay to attract a deposit from another Euromarket bank in London. Related: LIBOR.

London Interbank Bid Rate
The interest rate at which participating London banks are willing to borrow eurocurrency deposits from other banks. Unlike LIBOR, which is the rate at which banks lend money, LIBID is the rate at which banks ask to borrow. It is not set by any body or organization, but is calculated as the average of the interest rates at which London banks bid for borrowed eurocurrency funds from other banks. It is also the interest rate London banks pay for deposits from other banks. It is an important benchmark in euromarkets.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?   Financial browser?   Full browser?
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.