Definition of LIBOR in English:
LIBOR
abbreviationˈlʌɪbɔːˈlaɪbɔr
London interbank offered rate, the basic rate of interest used in lending between banks on the London interbank market and also used as a reference for setting the interest rate on other loans.
Definition of LIBOR in US English:
LIBOR
abbreviationˈlaɪbɔrˈlībôr
London interbank offered rate, the basic rate of interest used in lending between banks on the London interbank market and also used as a reference for setting the interest rate on other loans.