1-Year LIBOR definition

1-Year LIBOR. With respect to the Mortgage Loans, the average of interbank offered rates for one-year U.S. dollar deposits in the London market based on quotations of major banks.
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Examples of 1-Year LIBOR in a sentence

  • LIBOR ARMs are adjustable-rate Mortgages that adjust based on the 1-Year LIBOR Index and meet the requirements of this Attachment.

  • The 1-Year LIBOR Index is the one-year London Interbank Offered Rate (“LIBOR”), which is the average of interbank offered rates for 1-year U.S. dollar-denominated deposits in the London market, as published in The Wall Street Journal.

  • The 1-Year LIBOR Index is the one-year London Interbank Offered Rate (“LIBOR”) which is the average of interbank offered rates for 1-year U.S. dollar-denominated deposits in the London market, as published in The Wall Street Journal.

  • In the event that determination can not be reached in December of the previous year, the monthly supply volume of that given year shall be ***.