LIBOR

Business / Finance / LIBOR: See London Interbank Offered Rate.

London Interbank Offered Rate (LIBOR)

Business / Agriculture / London Interbank Offered Rate (LIBOR): The interest rate that major international banks charge each other for large volume loans of Eurodollars (U.S. dollars on deposit outside of the United States). MORE

Rollover

Business / Finance / Rollover: Means that a loan is periodically repriced at an agreed spread over the appropriate, currently prevailing rate. Most term loans in the Euromarket are made on a rollover basis as to current LIBOR rate. MORE

Variance

Business / Finance / Variance: Loan made at an interest rate that fluctuates depending on a base interest rate, such as the prime rate or LIBOR. MORE

Citizen Bonds

Business / Finance / Citizen Bonds: A fixed-rate currency swap against floating U.S. dollar LIBOR payments. MORE

Diffusion Process

Business / Finance / Diffusion Process: Swap between two LIBOR rates of interest, e.g., yen LIBOR for dollar LIBOR Payments are in one currency. MORE

Interest Coverage Ratio

Business / Finance / Interest Coverage Ratio: The interest rate, such as prime or LIBOR, that is used as a reference point for quoting borrowing rates. For example, using the prime rate as the interest basis, a loan might be offered at prime plus MORE

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