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London Inter-Bank Offered Rate (LIBOR)
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The primary fixed income index reference rates used in the Euromarkets. Most international floating rates are quoted as LIBOR plus or minus a spread. In addition to the traditional Eurodollar and sterling LIBOR rates, yen LIBOR, D- mark LIBOR, Swiss franc LIBOR, etc., are also available and widely used. See also London Inter-Bank BID Rate (LIBID), LIMEAN.
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