The London Interbank Offered Rate (LIBOR)

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.