Topical Terminology > London Interbank Bid Rate
1 Definition
London Interbank Bid Rate
For London Interbank Bid Rate we have a term and definition in Shipping.
London Interbank Bid Rate (Shipping) 
LIBID is the rate of interest paid for funds in the London interbank market. The bid to Libor's offer has been used as a reference for floating rate payments for especially strong borrowers.
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