LIBOR

Definition of "LIBOR"
  1. London Interbank Offered Rate: the rate at which banks in the London market lend money to one another
How to use "LIBOR" in a sentence
  1. A loan's interest rate was tied to LIBOR plus a certain percentage.
  2. The central bank's decision would possibly affect LIBOR.
  3. LIBOR plays a significant role in international finance.
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