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| Formerly and informally a guess at the interest rate at which large banks of good credit standing might be expected to offer to lend to other such banks in the London inter-bank short-term, unsecured money market at a particular time and in a particular currency. Use of this term is deprecated.
| | The amount that may be realised if an asset or a group of assets is sold separately from the organisation that has been using them. |
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| LIBID is formed as a kind of analogy to LIBOR – originally an acronym for London Inter-Bank Offered Rate. One might expect LIBID to be a lower rate than LIBOR but as the term is informal such distinctions are blurred and conceptually a large bank of high credit standing is on both sides of a LIBOR-LIBID deal at the same rate.
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| As there is no observed rate, informally LIBID is often taken as 1/8th % less than LIBOR.
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| In analogy with London Inter-Bank Offered Rate, LIBID is sometimes expanded as London Inter-bank Bid rate.
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| | Also known as the break-up value. |
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| == See also == | | == See also == |
| * [[LIMEAN]] | | * [[Going concern]] |
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| * [[LIBOR]]
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| [[Category:Manage_risks]]
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Revision as of 14:20, 23 October 2012
The amount that may be realised if an asset or a group of assets is sold separately from the organisation that has been using them.
Also known as the break-up value.
See also
