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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of interbank offered rate

Word of the Day


a good knowledge of something, or the fact that you know it so well

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