interbank rate

interbank rate definition - finance
An interest rate that is charged by banks to each other. Often interbank rates are cited in financial agreements and contracts between corporations or investors. See also LIBOR and HIBOR.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.