London Interbank Offered Rate
London Interbank Offered Rate (better known by its acronym, LIBOR) is the rate that U.K. banks charge one another.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- LIBOR (London Interbank Offered Rate); the rate that U.K. banks charge one another.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
