The interest rate charged for a short-term loan from a bank to a corporation is referred to as the London Interbank Offer Rate (LIBOR).

Name: The interest rate charged for a short-term loan from a bank to a corporation is referred to as the London Interbank Offer Rate (LIBOR).
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The interest rate charged for a short-term loan from a bank to a corporation is typically referred to as the prime rate. LIBOR is a benchmark interest rate at which major global banks lend to one another.

The Interest Rate Charged for a Short-Term Loan from a Bank