What is euro interbank offered rate (EURIBOR)?
euro interbank offered rate (EURIBOR) definition and meaning on Finance terms:
The rate at which a prime bank is willing to lend funds in euro to another prime bank. The EURIBOR is calculated daily for interbank deposits with a maturity of one week and one to 12 months as the average of the daily offer rates of a representative panel of prime banks, rounded to three decimal places. <