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Simple English definitions for legal terms

Euro Interbank Offered Rate

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A quick definition of Euro Interbank Offered Rate:

EURO INTERBANK OFFERED RATE: The Euro Interbank Offered Rate, also known as Euribor, is a measure of the interest rate that major international banks charge each other for short-term loans of euros. This rate is determined daily by a group of representative banks across Europe. It is an important benchmark for financial markets and is often used as a reference rate for loans and other financial products.

A more thorough explanation:

Definition: The Euro Interbank Offered Rate (Euribor) is a benchmark interest rate that measures the average interest rate at which major international banks lend to each other in the eurozone for short-term loans. The rate is calculated daily based on data provided by a panel of representative banks across Europe.

Example: Let's say Bank A needs a short-term loan of €1 million from Bank B. Bank B offers to lend the money at a rate of 1.5%. This rate is based on the Euribor, which is the average interest rate at which major banks in the eurozone lend to each other.

Explanation: The Euribor is an important benchmark interest rate that is used in financial markets to determine the cost of borrowing for banks and other financial institutions. It is also used as a reference rate for a wide range of financial products, including mortgages, loans, and derivatives. The example illustrates how the Euribor is used to determine the interest rate for a short-term loan between two banks in the eurozone.

Eurodollar | European Commission for Human Rights

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snow
11:30
thread i think i need to as well
snow
11:30
but i tried and keep getting lured back in lol
I don’t think so, but I’m not an expert on govt agencies
what are pro/cons of PI and BL money and work hours aside?
soap
11:31
PI: more satisfying work, you're supporting a cause that feels moral
soap
11:32
BL: connections, opportunities to travel and attend exclusive events?
Finally I had another UVA status change
11:32
BL pay is also significantly higher
2 months after applying lmao
11:32
ah wait, never mind, you said time and money aside
WorthlessAttractiveZombie
11:32
@texaslawhopefully: what stage of UR are you at (1,2,3,4...)
I think that’s 2
soyalmondoatmilk
11:33
@texaslawhopefully: do u want to work in texas post-grad?
I was at the first like 9/27
@soyalmondoatmilk: yep!
starfishies
11:33
I also just got to UR2 woo but I applied like 11/1
soyalmondoatmilk
11:33
omg so cool! i want to work in texas too!
Are you from Texas?
WorthlessAttractiveZombie
11:34
Mine was like UR1 9/25, UR2 9/26, UR3 10/15...then radio silence
soyalmondoatmilk
11:34
yes!
starfishies
11:34
yeah i expect silence until like march lmao as a best case scenario if they get back sooner imma assume its an R
soyalmondoatmilk
11:34
i wanna give back to my community
@WorthlessAttractiveZombie: yeah, I probably shouldn’t get my hopes up lol
starfishies
11:35
it was just nice to see some life in my status checker
WorthlessAttractiveZombie
11:35
texas, you probably dont need to worry, you will be fine lol
Yeah, it’s just odd. All the people with similar stats who applied in sept already got in
triplethread
11:36
@snow: its so frustrating LOL i will be back in a few days just so im not checking every day with no movement. i think if i come back in after a little break and get some URs I will be happier
triplethread
11:37
i will see you guys next week
soap
11:39
I'm looking at profiles of people working at unicorn PI firms, and boy, do I feel behind in life XD
HopefullyInLawSchool
11:44
Salutations on this brisk morning from Santa Barbara
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