An operation or series of operations energetically pursued to accomplish a purpose: an advertising campaign for a new product; a candidate's political campaign. intr.v. camÂ·paigned, camÂ·paignÂ·ing, camÂ·paigns
What is Interbank Market? The Interbank Market refers to the modern day financial system which involves banks trading cash and other instruments with other financial institutions and banks. This never involves banks trading money with non-financial businesses, consumers, or retail investors.
What it means: Libor stands for London Interbank Offered Rate. It's the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London. It is a standard financial index used in U.S. capital markets and can be found in The Wall Street Journal. In general, its changes have been smaller than changes in the prime rate. How it's used: It's an index that is used to set the cost of various variable-rate loans. Lenders use such an index, which varies, to adjust interest rates as economic conditions change. They then add a certain number of percentage points called a margin, which doesn't vary, to the index to establish the interest rate you must pay.