LIBOR rates

LIBOR rates,

Definition of LIBOR rates:

  1. The interest rate charged to short-term international interbank loans. This interest rate is applied to large loans ranging from one day up to five years. LIBOR rates are applied to loans between banks. The most common case resulting from one banks need for immediate liquidity borrowing from another bank with a surplus. Also known as the London Inter-Bank Offer Rate.

Meaning of LIBOR rates & LIBOR rates Definition