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Glossary   >   T   >   "The London Interbank Offered Rate (LIBOR)" Definition            The London Interbank Offered Rate (LIBOR) The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the U.S. are based on spreads off of L.I.B.O.R. There are many different L.I.B.O.R. tenors. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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The London Interbank Offered Rate (LIBOR) - The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the U.S. are based on spreads off of L.I.B.O.R. There are many different L.I.B.O.R. tenors.