For London Interbank Offered Rate (Libor) we have terms and definitions in 2 topics. The topics are Accounting and Finance.

London Interbank Offered Rate (Libor) (Accounting)

is the rate that the most creditworthy international banks that deal in Eurodollars charge each other for large loans. It is equivalent to the federal funds rate in the U.S.

London Interbank Offered Rate (Libor) (Finance)

The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the U.S. are based on spreads off LIBOR. By contrast with the bid rate LIBID quoted by banks seeking such deposits.

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