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LIBOR

British  
/ ˈlaɪbɔː /

abbreviation

  1. London Inter-Bank Offer Rate: the standard rate of interest for loans between financial institutions

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Starting in 2022, new deals were not supposed to be linked to LIBOR.

From New York Times • Jun. 30, 2023

Once dubbed the world's most important number, London Interbank Offered Rate or LIBOR, is a rate based on quotes from big banks on how much it would cost to borrow short-term funds from one another.

From Reuters • Mar. 24, 2023

The yield can be fixed, variable or pegged to a benchmark index such as the London Interbank Offered Rate, better known as LIBOR.

From Encyclopedia.com • Mar. 31, 2018

Jenkins took charge of Barclays after allegations it was involved in the manipulation of London interbank offered rate or LIBOR.

From US News • Oct. 28, 2015

Institutional investors love this paper because yield is tied to LIBOR, thus protecting you from losses in a rising yield scenario.

From Forbes • Jun. 9, 2014