LIBOR
London Interbank offer Rate. The interest rate the most creditworthy banks charge one another for funds of Eurodollars overnight in the London market. Many variable interest rates in the U.S. are based on spreads off of LIBOR. There are many different LIBOR tenors. |
Similar financial terms
LIBOR-in-Arrears SwapA swap where the interest paid on a date is determined by the interest rate observed on that date (not by the interest observed on the previous payment date).
