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What is the one-month LIBOR index?

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What is the one-month LIBOR index?

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The one-month LIBOR (London Interbank Offered Rate) is a financial index to which many adjustable rate loans are tied. Over the last 10 years, the LIBOR has been consistently lower than the Prime rate. Click here for a historical comparison of the one-month LIBOR vs. the Prime rate.

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