London Interbank BID (LIBID) rate
By William Clark •
London Interbank BID (LIBID) rate,
Definition of London Interbank BID (LIBID) rate:
Interest rate at which London banks are willing to borrow from one another in the inter-bank market. LIBID is the average of rates which five major London banks willing to bid for a $10 million deposit for a period of three or six months. See also London Interbank Offered Rate (LIBOR).
Meaning of London Interbank BID (LIBID) rate & London Interbank BID (LIBID) rate Definition
