Meaning of “Libor” in the English Dictionary

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"Libor" in Business English

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also LIBOR uk /ˈlaɪbɔːr/ us 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)