A LIBOR loan is a vehicle created to facilitate commercial trade transactions where in a bank accepts the ultimate responsibility to repay a loan to its holder.

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A LIBOR loan is a type of loan where the interest rate is based on the LIBOR (London Interbank Offered Rate) benchmark, which is the average interest rate at which banks can borrow money from each other. It is not specifically designed for commercial trade transactions, and the bank does not necessarily have the responsibility to repay the loan to its holder.

A LIBOR Loan Is a Vehicle Created to Facilitate Commercial