The LiBor rate

The term "The LiBor rate" means:

1. In banking and finance, the LIBOR is among the most common of benchmark interest rate indexes used to make adjustments to adjustable rate mortgages. It can and has been fiddled by corrupt bankers. There are several other less-common indexes.

• Sources:https://www.bankrate.com/rates/interest-rates/libor.aspx, https://www.investopedia.com/terms/l/libor.asp, https://www.bankrate.com/rates/interest-rates/1-month-libor.aspx and https://www.global-rates.com/interest-rates/libor/libor.aspx.