london interbank offered rate

London Interbank Offered Rate. A daily compilation by the British Bankers Association of the rates that major international banks charge each other for large-volume, short-term loans of Eurodollars, with monthly maturity rates calculated out to one year. • These daily rates are used as the underlying interest rates for derivative contracts in currencies other than the euro. — Abbr. LIBOR. Cf. EURO INTERBANK OFFERED RATE.

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词条贡献者

译者Paul，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译各种与地产争端解决相关的法律文件。