London Interbank Offered Rate - LIBOR
The LIBOR is the world's most widely used benchmark for short-term interest rates. It's important because it is the rate at which the world's most preferred borrowers are able to borrow money. It is also the rate upon which rates for less preferred borrowers are based. For example, a multinational corporation with a very good credit rating may be able to borrow money for one year at LIBOR plus four or five points.
Countries that rely on the LIBOR for a reference rate include the United States, Canada, Switzerland and the U.K.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
London Metal Exchange — Type Commodities exchange Location London, United Kingdom … Wikipedia
London Plan — For other uses, see London Plan (disambiguation). The geographical scope of the plan is the London region. The London Plan is a planning document written by the Mayor of London, England in the United Kingdom and published by the Greater London… … Wikipedia
rate — The cost of debt service paid by a borrower or issuer to a lender or investor. The rate is expressed as an annual percentage of the amount borrowed. For some notes and bonds that pay interest semiannually, the semiannual interest due to the… … Financial and business terms
interbank market — The wholesale market for short term money and foreign exchange in which banks, companies, and other organizations trade. The Inter Bank Offered Rate (IBOR) is the rate of interest charged on interbank loans in a particular financial centre. See:… … Accounting dictionary
interbank market — The wholesale money market in which banks lend to and borrow from one another. The importance of the market is that it allows individual banks to adjust their liquidity positions quickly, covering shortages by borrowing from banks with surpluses … Big dictionary of business and management
London Inter Bank Bid Rate — LIBID The rate of interest at which banks borrow from each other on the London interbank market See London Inter Bank Offered Rate … Big dictionary of business and management
City of London — Not to be confused with London. City of London The City • Square Mile Aerial view of the City of London … Wikipedia
Lloyd's of London — Not to be confused with Lloyds TSB or Lloyd s Register. Lloyd s redirects here. For other uses, see Lloyd This article is about the insurance market. For the film, see Lloyd s of London (film). Lloyd s Type Ins … Wikipedia
Reset Rate — The new percentage of interest that a mortgagor must pay on the principal of an adjustable rate mortgage when the reset date arrives and the prescheduled interest rate change goes into effect. The mortgage contract explains when the rate resets… … Investment dictionary
Pound sterling — GBP redirects here. For other uses, see GBP (disambiguation). Pound sterling Peuns sterling (Cornish) Punt steirling (Irish) Punt Sostynagh … Wikipedia
Demography of the United Kingdom — Population pyramid in 2010 This article is about the demographic features of the population of the United Kingdom, including population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other … Wikipedia