(finance) Acronym of London Interbank Offered Rate (loan interest rate).
libor
Definition, parts of speech, synonyms, and sentence examples for libor.
Editorial note
Bankers who have manipulated the libor index, engaged in insider trading, broke the fiduciary trust between them and their clients advising them to buy assets they were selling.
Quick take
(finance) Acronym of London Interbank Offered Rate (loan interest rate).
Meaning at a glance
The clearest senses and uses of libor gathered in one view.
Definitions
Core meanings and parts of speech for libor.
noun
(finance) Acronym of London Interbank Offered Rate (loan interest rate).
Example sentences
Bankers who have manipulated the libor index, engaged in insider trading, broke the fiduciary trust between them and their clients advising them to buy assets they were selling.
Several traders have been prosecuted for libor-rigging.
I believe this is a test case, as it's not entirely clear if manipulating libor was against UK laws, as they were at the time.
Take into account the London whale, the libor scandal, forex fixing, comex cartels, all the fees and charges that are skimmed at every stage and flow into the ridiculous levels of Wall Street/The City profits.
> The court was played a clip where Mr Hayes said he was part of a system in which influencing Libor was "commonplace", although he admitted he was a "serial offender".
We also do have sufficient "european" crime to around, the mafia, east european gangs breaking into flats etc, and on top we have sufficient amounts of good old german crime - we're good at tax evasion, cheating on libor rates etc.
Quote examples
> The court was played a clip where Mr Hayes said he was part of a system in which influencing Libor was "commonplace", although he admitted he was a "serial offender".
We also do have sufficient "european" crime to around, the mafia, east european gangs breaking into flats etc, and on top we have sufficient amounts of good old german crime - we're good at tax evasion, cheating on libor rates etc.
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use libor in a sentence?
Bankers who have manipulated the libor index, engaged in insider trading, broke the fiduciary trust between them and their clients advising them to buy assets they were selling.
What does libor mean?
(finance) Acronym of London Interbank Offered Rate (loan interest rate).
What part of speech is libor?
libor is commonly used as noun.