Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “interbank offered rate”

interbank offered rate

noun [C, usually singular]
( abbreviation IBOR, also interbank rate, overnight rate) BANKING, FINANCE
the interest rate at which banks borrow money from other banks for a short period of time
(Definition of interbank offered rate from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of interbank offered rate?
Add Cambridge dictionaries to your browser to your website

Word of the Day


a measure for liquid equal to about half a litre

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More