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Moneyextra.com Dictionary

London Inter Bank Bid Rate LIBID


Banks in the City of London tend to lend and borrow money from one another in the wholesale money markets. The rate at which a bank is willing to borrow money is called the London Inter Bank Bid Rate LIBID.

The rate at which a bank is willing to lend money is called the London Inter Bank Offer Rate LIBOR .

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2009-02-17 00:00:00 © Moneyextra.com