\lˈɪbə ɹˈe͡ɪts], \lˈɪbə ɹˈeɪts], \l_ˈɪ_b_ə ɹ_ˈeɪ_t_s]\
Definitions of LIBOR RATES
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Short-term international interbank loans are charge this interest rate. This interest rate is applied to large loans ranging from one day up to five years between banks. Immediate liquidity borrowing from another bank with a surplus is the typical situation. Also known as the London InterBank Offer Rate.
By Henry Campbell Black
Word of the day
- A relatively rare smooth muscle tumor found most frequently in the wall gastrointestinal tract, especially stomach. It similar to other tumors but may become very large and hemorrhage exhibit small cystic areas. Simple excision is almost always curative. (From Dorland, 27th ed; DeVita Jr et al., Cancer: Principles & Practice of Oncology, 3d ed, p1354)