Meaning of “Euribor” in the English Dictionary

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"Euribor" in Business English

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Euribornoun

also euribor uk /ˈjʊərɪbɔːr/ us trademark BANKING

abbreviation for European interbank offered rate: the official 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.
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(Definition of “Euribor” from the Cambridge Business English Dictionary © Cambridge University Press)