What does libid mean?

Definitions for libid
li·bid

This dictionary definitions page includes all the possible meanings, example usage and translations of the word libid.


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Wikipedia

  1. libid

    The London Interbank Bid Rate (LIBID) is a bid rate; the rate bid by banks on Eurocurrency deposits (i.e., the rate at which a bank is willing to borrow from other banks). It is the "other end" of the LIBOR (an offered, hence "ask" rate, the rate at which a bank will lend). Whilst the British Bankers' Association set LIBOR rates, there is no correspondent official LIBID fixing. Conventional wisdom used to assert that a LIBID rate could be calculated by subtracting a fixed amount (often given as ⅛th of 1%) from the prevailing BBA LIBOR rate, however this is no longer the case as bid–offer spreads have tightened in recent years. Additionally, it cannot be the case that the LIBOR/LIBID spread is always ⅛th of 1% for all maturities and all currencies all the time.

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Numerology

  1. Chaldean Numerology

    The numerical value of libid in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of libid in Pythagorean Numerology is: 9


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"libid." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/libid>.

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