Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

London Interbank Offered Rate

Read a random definition: parliamentary law

A quick definition of London Interbank Offered Rate:

London Interbank Offered Rate (LIBOR) is a daily report that shows the interest rates that big banks charge each other for short-term loans. It is used as a reference for many financial contracts and investments. The rates are calculated for different time periods, up to one year. LIBOR is important because it affects the cost of borrowing money for businesses and individuals.

A more thorough explanation:

The London Interbank Offered Rate (LIBOR) 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.

For example, if a bank in the United States wants to offer a loan in Japanese yen, they may use the LIBOR rate as a benchmark for determining the interest rate on that loan. The LIBOR rate is also used in the pricing of various financial products, such as adjustable-rate mortgages and credit cards.

The LIBOR rate is determined by a panel of banks that report their borrowing costs to the British Bankers Association. The rates are then averaged to create the daily LIBOR rate.

London commodity option | London Lloyd's

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
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
BulbasaurNoLikeCardio
13:20
Evol bunny said they are dropping out and done with LS, they are too good for it so likely will never see the melt downs again
Dkk
13:20
@SplitterusClitterus: 11:22:24 PST, so in about an hour.
Dkk
13:21
Adios EvolBunny then
yall saw the shit at gtown rn w the pregnant 2l
Dkk
13:22
@HopefullyInLawSchool: Lol
babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
theres a student that is literally having a baby and the admin denied her request for a test extension, and told her to come in the day after she gave birth to take the exam w her baby
come in the DAY AFTER SHE GIVES BIRTH
W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
13:25
thrifted a vintage burberry suit today and feeling unstoppable
Dkk
13:26
Nice
glovediedthisishismom
13:26
im in the field like a defensive lineman im always in saks 💯
1a2b3c4d26z
13:26
That's awesome
1a2b3c4d26z
13:26
real ones shop at bergdorf
LSD+ is ad-free, with DMs, discounts, case briefs & more.