The London Inter Bank Offered Rate, or LIBOR rate, is the averaged rate of interest at which UK banks loan wholesale to one another. This rate is referenced widely to set interest rates both in and out of Britain.
The acronym LIBOR stands for London Interbank Offered Rate. It is a money market index with an international flavor, which is a floating interest rate that serves as a base for many lending agreements. In recent years, homebuyers have been encountering ARMs (Adjustable Rate Mortgages) with interest rates linked to, for example, the 6-month LIBOR rate.
(London Inter Bank Offer rate) - The rate at which Banks lend money to themselves. Could be considered more stable than Bank Base Rate as Lenders set it for 3 months at a time.
This stands for “London Inter Bank Offer Rateâ€, and is the interest rate at which banks lend to each other. LIBOR can vary day by day and is not linked directly to the Bank of England Base Rate. LIBOR is used by some lenders as their base lending rate instead of a Standard Variable Rate which is connected to the Bank of England Base Rate. Lenders who use LIBOR as its base lending rate usually review the rate on a quarterly basis.
The variable interest rate charged among banks in the foreign market for short-term loans to one another. Some credit card issuers use the LIBOR rate plus a margin percentage, to determine a customers APR.
LIBOR stands for London Interbank Offered Rate. It's the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London. It is a standard financial index used in U.S. capital markets and can be found in the Wall Street Journal. In general, its changes have been smaller than changes in the prime rate. It's an index that is used to set the cost of various variable-rate loans, including credit cards and adjustable-rate mortgages.
