London Interbank Bid Rate (LIBID) - Financial definition
Concise definition of the term London Interbank Bid Rate
The London Interbank Bid Rate is the rate at which banks are willing to borrow funds from one another in the interbank market.
Comprehensive definition of the term London Interbank Bid Rate
While LIBOR is an important benchmark interest rate, LIBID is neither standardized nor published, but only used in the interbank lending market.