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LIBOR

   Also found in: Financial, Wikipedia 0.01 sec.
AcronymDefinition
LIBORLondon Interbank Offered Rate
LIBORLong Island Board of Realtors (New York)
LIBORLittle Investment Bankers of Rutgers (New Jersey)


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BBA LIBOR serves as the primary daily benchmark used by banks, securities houses, and investors to fix the cost of borrowing money in the international money, derivatives, and capital markets around the world.
The agency announced an interim final rule allowing new SBA loans to be made with an alternative base interest rate, the one month LIBOR rate (London Interbank Offered Rate), in addition to the prime rate, which was previously allowed.
The $177 million fixed-rate issuances and the $104 million LIBOR issuance are among the first mortgage-backed securities (MBS) pools backed by FHA-insured fixed-rate and LIBOR reverse mortgages.
 
 
 
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