London Interbank Offered Rate

Definition of "London Interbank Offered Rate"
  1. The rate of interest at which banks lend to each other in the market of London
How to use "London Interbank Offered Rate" in a sentence
  1. The variable mortgage rate was tied to the London Interbank Offered Rate.
  2. As an international investor, she closely followed the fluctuations in the London Interbank Offered Rate.
  3. The London Interbank Offered Rate affects many aspects of international trade and finance.
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