LIBOR RATES
\lˈɪbə ɹˈe͡ɪts], \lˈɪbə ɹˈeɪts], \l_ˈɪ_b_ə ɹ_ˈeɪ_t_s]\
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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
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.