Jagran Josh Logo
  1. Home
  2. |  
  3. Bank Recruitment|  

Banking Term: LIBOR

May 16, 2015 16:29 IST

    Banking Term: LIBOR

    • LIBOR stands for London Interbank Offered Rate.
    • It is considered as the average interest rate estimated by leading banks in London that the average leading bank would be charged if borrowing from other banks.
    • It serves as the first step to calculating interest rates on various loans throughout the world.
    • There are a total of 35 different LIBOR rates each business day.
    • The most commonly quoted rate is the three-month U.S. dollar rate.

    Latest Videos

    Register to get FREE updates

      All Fields Mandatory
    • (Ex:9123456789)
    • Please Select Your Interest
    • Please specify

    • By clicking on Submit button, you agree to our terms of use
      ajax-loader
    • A verifcation code has been sent to
      your mobile number

      Please enter the verification code below

    Newsletter Signup
    Follow us on
    X

    Register to view Complete PDF