London Interbank Offered Rate


London In·​ter·​bank Offered Rate
: the interest rate that banks charge each other for loans in the London banking market

Note: The London Interbank Offered Rate is used worldwide as a benchmark for rates on loans and financial instruments.

Dictionary Entries Near London Interbank Offered Rate


London Interbank Offered Rate


Cite this Entry

“London Interbank Offered Rate.” Legal Dictionary, Merriam-Webster, Accessed 2 Feb. 2023.

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