The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the US are based on spreads off LIBOR. By contrast with the bid rate LIBID quoted by banks seeking such deposits.
The rate at which banks in the foreign market lend dollars to one another. LIBOR varies by deposit maturity. A common interest rate index; one of the most valid barometers of the international cost of money.
the average rate charged by large banks in London for loans to each other. LIBOR is a relatively volatile rate and is typically quoted in maturities of one month, three months, six months and one year.
The interest rate used among the most creditworthy international banks for large loans in eurodollars. LIBOR is an important reference number, because loans to businesses can be tied to it on a percentage basis. See also prime rate and interest basis.
The interest rate offered by a specific group of london banks for u.s. dollar deposits of a stated maturity. Libor is used as a base index for setting rates of some adjustable rate financial instruments.... read full article
See on: Wikipedia Investopedia LIBOR stands for the London Interbank Offered Rate and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale (or "interbank") money market.
London Interbank Offered Rate (or LIBOR, pronounced LIE-bore) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). LIBOR is the opposite of the London Interbank Bid Rate (LIBID).
This index reflects European financial markets, obviously, and is generally considered the most volatile of the commonly used indexes. It is published daily in financial journals, such as the Wall Street Journal.