benchmark overnight bank lending rate

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• London Inter Bank Offered Rate — LIBOR The rate of interest in the short term wholesale market (see interbank market) in which banks offer to lend money to each other. The loans are for a minimum of £250,000 for periods from overnight up to five years. The importance of the… …   Accounting dictionary

• London Inter Bank Offered Rate — LIBOR The rate of interest at which banks lend to each other on the London interbank market The loans are for a minimum of £250, 000 for periods from overnight up to five years. LIBOR is the most significant interest rate for international banks …   Big dictionary of business and management

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