The London Interbank Offered Rate (LIBOR)

English for Economists | Economic News and English Expressions - Un pódcast de Alan Robert

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These English lessons are for anyone who needs to read, talk or write about the economy in English. Welcome to our first lesson! Today, we will take a look at the London Interbank Offered Rate (LIBOR). This is a great English lesson for bankers.  Here is our key English vocabulary. Listen to how these words are used during the podcast. Benchmark: a point of reference against which things may be compared or assessed. Syndicated loan: a loan offered by a group of lenders. Gauge: to estimate, to measure or to determine a size or an amount. Conflict of interest: when someone gets personal benefit from their official actions or decisions. Fine: penalty of money that a court of law or other authority decides has to be paid as punishment. Underpin: to support, to be the basis for something.

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