Six month LIBOR rate

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Six month LIBOR rate

Six month LIBOR rate

LIBOR stands for London Interbank Offered Rate. It's the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London.

RELATED TERMS
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Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.

Interest
Money paid to a lender as compensation for money that is borrowed.

Offer
A proposal to purchase property at a specified price and terms.

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Six month LIBOR rate

Seventy-two hour clause
Wording that is inserted in a purchase contract when the purchase of a home is contingent on the sale of the buyer's current home. The seller accepts the offer but reserves the right to accept a better offer if one comes along.

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It provides that a broker is still entitled to a commission for a set period of time after the listing has expired if the property is sold to a prospect, who was introduced to the property by the broker, during the period of the listing.

Sale contract
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This dictionary contains 6433 terms.

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