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Definition Libor in British English

Libor noun

[uncountable] noun
/ˈlaɪˌbɔːr/
1

London Interbank Offered Rate: an interest rate at which banks can borrow from one another. It is set daily based on an average of the rates set by major banks around the world

Example

A dual-track system could replace the troubled Libor benchmark rate as early as next year.

Synonyms and related words
Definition Libor in British English