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Interbank rate
Interest rate applied to credit operations between banking institutions. On the Euromoney market the London Interbank Offered Rate (LIBOR) is calculated daily and serves as a guide for the interest rates used for many international loans in euros. Another example of an interbank rate is the federal funds rate (funds that banks lend one another for short periods).
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
Other Languages:
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