London Interbank Offered Rate

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London Interbank Offered Rate

A short-term interest rate often quoted as a 1,3,6-month rate for U.S.dollars.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

London Interbank Offer Rate

The interest rate participating banks offer to other banks for loans on the London market. LIBOR is the most widely used benchmark for short term interest rates in the world, primarily because most of the world's largest borrowers borrow money on the London market. Because it is so prominent, it is often used in other transactions, such as swaps. For example, an interest rate swaps may give the floating rate as "LIBOR +/- X base points." It is set each day by the British Bankers Association, which calculates it by averaging short term, inter-bank, deposit interest rates among the most creditworthy banks. See also: EURIBOR.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

London interbank offered rate (LIBOR)

The basic short-term rate of interest in the Eurodollar market and the rate to which many Eurodollar loans and deposits are tied. The LIBOR is similar in concept to that of the prime rate in the United States except that it is less subject to individual bank management.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

London Interbank Offered Rate

see LIBOR.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

London Interbank Offered Rate


The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
LIBOR stands for the London Inter Bank Offered Rate, the benchmark reference rate used for debt instruments.
Libor, or the London Inter Bank Offered Rate, is the benchmark reference rate used for debt instruments.
License fees can also be tied to the growth in the foreign countries' TV advertising market, or even tied to increases in LIBOR (London Inter Bank Offered Rate).
ADCB last tapped the market in November when it raised $500 million from three-year bonds at 1.30 percentage points over the quarterly London inter bank offered rate. The bank, which has the sixth-highest investment rating at Standard and Poor's, reported a 23 per cent increase in full-year profit to Dh3.37 billion ($918 million) as lending grew 6.9 per cent to Dh131.7 billion.
These settlements follow the settlement reached by RBS in February 2013 with US and UK regulators in relation to investigations into submissions, communications and procedures around the setting of the London Inter Bank Offered Rate (LIBOR).
The pressure led this week to Finance Minister Dar to call for $500 million credit for 12 months from the banks in Pakistan at a rate five per cent plus the London Inter Bank Offered Rate, which will bring the total to 5.067 per cent.
Through all its production channels, Countrywide now offers a variety of ARMs based on several different indexes, including the Cost of Funds Index (COFI), London Inter Bank Offered Rate (LIBOR), Monthly Treasury Average (MTA), prime rate and Treasury.

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