Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “Libor”

Libor

noun (also LIBOR)
 
 
/ˈlaɪbɔːr/ 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.
(Definition of Libor from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of Libor?
Add Cambridge dictionaries to your browser to your website

Word of the Day

aptitude

a natural ability or skill

Word of the Day

Blog

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