Focus on the pronunciation of Libor
English definition of “Libor”
Libor (also LIBOR)
/ˈlaɪbɔːr/ noun BANKING, FINANCE
› abbreviation for London Inter-Bank Offered Rate: the interest rate at which UK banks lend to each other. Libor is also used to set other interest rates: These bonds pay an interest rate that is half a percentage point over Libor.