Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

LIBOR

Read a random definition: dilecto et fideli

A quick definition of LIBOR:

LIBOR: LIBOR stands for London Interbank Offered Rate. It is a daily compilation of the interest rates that major international banks charge each other for short-term loans of Eurodollars. These rates are used as the underlying interest rates for derivative contracts in currencies other than the euro. In simpler terms, LIBOR is a benchmark interest rate that helps determine the cost of borrowing money for banks and other financial institutions.

A more thorough explanation:

Definition: LIBOR stands for London Interbank Offered Rate. It is a daily compilation of the interest rates that major international banks charge each other for large-volume, short-term loans of Eurodollars. These rates are calculated out to one year and are used as the underlying interest rates for derivative contracts in currencies other than the euro.

Example: Let's say Bank A needs to borrow a large amount of money for a short period of time. They approach Bank B and ask for a loan. Bank B agrees to lend the money but wants to charge interest on the loan. The interest rate that Bank B charges Bank A is recorded as part of the LIBOR rate. This rate is then used as a benchmark for other loans and financial contracts.

Explanation: LIBOR is an important benchmark for the financial industry. It helps to determine the interest rates for a wide range of financial products, including mortgages, credit cards, and student loans. The rate is calculated based on the interest rates that major banks charge each other, so it reflects the current state of the financial market. This makes it a useful tool for investors and borrowers alike.

liberum tenementum | libra

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.