ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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LONDON INTERBANK OFFERED RATE Definition
LONDON INTERBANK OFFERED RATE (LIBOR) is the rate that the most creditworthy international banks that deal in Eurodollars charge each other for large loans. It is equivalent to the federal funds rate in the U.S.
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STRAIGHT-LINE METHOD see STRAIGHT-LINE DEPRECIATION METHOD.