London Interbank Offering Rate (LIBOR)
The rate at which banks can borrow funds from other banks in the London Interbank market. The British Bankers’ Association decide on LIBOR rates on a daily basis
« Back to Glossary IndexThe rate at which banks can borrow funds from other banks in the London Interbank market. The British Bankers’ Association decide on LIBOR rates on a daily basis
« Back to Glossary Index