lombard rate

English - English

Definition of lombard rate in English English dictionary

An interest rate charged by a central bank for very short term loans to other banks against an approved collateral

Related Terms

Lombard rates

plural form of Lombard rate

Hyphenation

Lom·bard rate

Turkish pronunciation

lämbärd reyt

Pronunciation

/ˈlämbärd ˈrāt/ /ˈlɑːmbɑːrd ˈreɪt/