Euribor

(also euribor)

/ˈjʊərɪbɔːr/ noun trademark BANKING

Definition

› abbreviation for European interbank offered rate: the official rate of interest used by the main European banks when they lend money to each other in euros: It should be cheaper to borrow in euros because euribor is currently lower than the UK base rate. → Compare Libor, SIBOR

(Definition of Euribor noun from the Cambridge Business English Dictionary © Cambridge University Press)

Focus on the pronunciation of Euribor