LIBOR

What is LIBOR?

Well it stands for London Interbank Offered Rate and is a key rate that is used in the world of money lending no less.

It is essentially what is used to work out what the interest rate will be that is charged to borrowers.

Other rates to look up include LIMEAN or LIBID, but the one that you will come across most often in the world of finance mentioned is LIBOR.

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