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Definition: LIBOR

LIBOR or London Interbank Offered Rate stands for the interest rate charge by the banks for lending to some other bank.  At 11.00 am London time the BBA assigns some indicative interest rates that can be used by the banks for lending purpose. After fixing the rate it is not guaranteed to stay and may fluctuate.

They are also used for the interest rate benchmarking.  Any buyer interested in these similar tables can take the use of LIBOR rates to get the cost of equity.

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