The rate paid on a corporate deposit in the Eurocurrency market. Typically, LIBID = LIBOR - 1/8%, although the spread can vary among different currencies, as well as in different time periods.
London Inter-Bank Bid Rate. The rate bid by banks on eurocurrency deposits.
The London inter-bank bid rate. The rate of interest at which first-class banks in London will bid for deposit funds. Often used as a benchmark for deposit rates. LIBID is not fixed in the same way as LIBOR, but is typically one-sixteenth to one-eighth of a per cent below LIBOR.
is the London interbank bid rate, the rate that a bank is willing to pay for funds in the international interbank market; Libor is the London interbank offered rate, the rate at which banks offer to lend funds in this market. The average of the two is Limean. In practice, Libor is much the most frequently quoted.
Interbank rate applied on the London market, i.e., the rate at which banks are willing to borrow from other banks. LIBID is slightly lower than LIBOR.
London Interbank bid rate. It is the rate at which prime banks bid for funds. It can also be described as the rate at which prime banks can place money.
London Interbank Bid Rate. Interest rate at which London banks are prepared to accept short-term funds.