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date: 23 May 2024

London Inter Bank Offered Rate (LIBOR) 

A Dictionary of Business and Management

Jonathan Law

The rate of interest at which banks offer to lend to each other on the London *interbank market. The loans are for a minimum of £250,000 for periods from overnight up to five years. LIBOR is the most significant interest rate for international banks. It is also used as a benchmark for lending to bank customers and as a reference rate for many derivatives. ... ...

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