Define: 12 month EURIBOR
12 month EURIBOR means the annual Euro deposit rate displayed on a designated financial service at a determined time on the relevant business payment day.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
12 month EURIBOR means the annual Euro deposit rate displayed on a designated financial service at a determined time on the relevant business payment day.
Relevant Circumstances
- When lenders and borrowers need to establish a reference rate for their loan agreements.
- When parties need to settle interest rate swaps contracts.
- When determining the purchase price in an asset purchase agreement linked to market interest rates.