SIBOR
noun[S]
BANKINGuk/ˈsiːbɔːr/usabbreviationforSingapore Inter-Bank Offered Rate: theratethatAsianbanksuse tolendmoneyto each other, which sets thestandardratefor otherloans:
Thecorporationhas anexistingbankloanfor which itpaysSIBORplus0.5%.
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