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addaword.gifdefinition of Libor

noun
(also LIBOR)
London Interbank Offered Rates: an interest rate at which banks can borrow from one another. It is set daily based on an average of the rates set by major banks around the world
We may well see more heads roll at banks before the Libor scandal is over, but some are wondering about the future of Libor itself.
Submitted from United Kingdom on 04/07/2012 09:56:00
Definition of Libor from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

dark pool

a method of financial trading in which share prices are hidden and not openly available to the public

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bottom gear

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