London Interbank Bid Rate (LIBID)


 

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London Interbank Bid Rate (LIBID)

The bid rate that a Euromarket bank is willing to pay to attract a deposit from another Euromarket bank in London. Related: LIBOR.



London Interbank Bid Rate (LIBID)

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London interbank offered rate

London interbank offered rate

The interest rate that the largest international banks charge each other for loans, usually of Eurodollars. In fact, LIBOR includes rates quoted each day for many currencies, excluding the euro, but it is the rate for dollar loans that is used as a benchmark for other transactions.


Further Suggestions

London Interbank Offered Rate (LIBOR)
Interbank rate
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
Interbank rate
Paris Interbank Offer Rate (PIBOR)
Interbank market


 
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