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English definition of “Euribor”

Euribor

noun ( also euribor)
 
 
/ˈjʊərɪbɔːr/ 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. →  Compare Libor , SIBOR
(Definition of Euribor from the Cambridge Business English Dictionary © Cambridge University Press)
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