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Synonyms for

Libor

Noun / ˈli:bɜ: / Another word for libor — explore alternatives below. For syllable breakdowns and pronunciation, see this word on Syllablesworld.

Definition

LIBOR stands for London Interbank Offered Rate. It is the average interest rate at which major banks in London are willing to lend to each other.

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Example sentences

  1. The LIBOR rate is used to determine the interest rate on many loans.
  2. Banks use LIBOR as a reference rate when setting their own interest rates.
  3. I need to check the current LIBOR rate before deciding on a mortgage.
  4. The LIBOR rate affects the cost of borrowing for individuals and businesses.
  5. Lenders may offer a fixed rate or a LIBOR-based adjustable rate mortgage.

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