Definition of London interbank offered rate (LIBOR)

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TeachMeFinance.com - explain London interbank offered rate (LIBOR)



London interbank offered rate (LIBOR)

The term 'London interbank offered rate (LIBOR) ' as it applies to the area of agriculture can be defined as ' The interest rate that major international banks charge each other for large volume loans of Eurodollars (U.S. dollars on deposit outside of the United States)'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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