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Definitions from the Web

Libor

Description:

Libor stands for the London Interbank Offered Rate, which is an interest rate at which banks can borrow funds from other banks in the London interbank market. It serves as a benchmark for short-term interest rates worldwide, influencing financial products such as mortgages, loans, and derivatives.

Senses and Usages:

Sense 1:

Noun:

- The benchmark interest rate at which banks lend to each other in the London interbank market.

Example Sentence:

- The current Libor rate is significantly higher than last year's.

Sense 2:

Noun:

- A scandal in which banks were falsely manipulating the Libor rate, leading to severe consequences for the financial industry.

Example Sentence:

- Several banks were fined billions of dollars for their involvement in the Libor scandal.

Sense 3:

Adjective:

- Pertaining to the Libor rate or the London interbank market.

Example Sentence:

- The company faced financial difficulties due to the sudden increase in Libor-based loan repayments.

Sense 4:

Verb:

- To use the Libor rate as a benchmark for determining interest rates.

Example Sentence:

- The bank decided to libor all its new loan products for greater transparency.