Libor
noun
BANKING,FINANCE(alsoLIBOR)uk/ˈlaɪbɔːr/usabbreviationforLondon Inter-Bank Offered Rate: theinterestrateat which UKbankslendto each other. Libor is also used to set otherinterestrates:
Thesebondspayaninterestratethat ishalfapercentagepointover Libor.