Meaning of “Euribor” in the English Dictionary


"Euribor" in Business English

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also euribor uk /ˈjʊərɪbɔːr/ us trademark BANKING

abbreviation for European interbank offered rate: the 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.

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