Definition
What Was the London Interbank Bid Rate (LIBID)? The London Interbank Bid Rate (LIBID) was the average interest rate at which major London banks bid for eurocurrency deposits from other banks in the interbank market. It was the bid rate that banks were willing to pay for eurocurrency deposits and other banks' unsecured funds in the London interbank market, while the more popular LIBOR was the offer
In Panel Profits
In the Panel Profits market platform, London Interbank Bid Rate (Libid): What It Is, How It Works applies standard financial concepts principles to comic assets and physical collections.
Common mistakes
Do not infer unobserved prices.