/ˈlaɪbər/ – Noun
Definition: Tỷ lệ lãi suất cơ bản trung bình của các ngân hàng lớn trên thị trường quốc tế.
A more thorough explanation: London InterBank Offered Rate, the daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale
Example: The LIBOR is the most widely used benchmark for short-term interest rates world-wide.