Banking & Finance Glossary—I
Banking & Finance Glossary—I

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Banking & Finance Glossary—I
  • IBA
  • IBOR
  • ICC
  • ICMA
  • Incurrence covenant
  • Lexis®PSL resources
  • Indemnity
  • Information memorandum
  • Institutional lender
  • More...


This refers to ICE Benchmarks Administration Ltd, the administrator of LIBOR


‘IBORs’ are benchmarks based on Interbank Offered Rates (ie the rate at which one bank will lend to another in a reasonable sized market for the relevant currency and term). The key IBORs are LIBOR, Euro Interbank Offered Rate (EURIBOR) and Tokyo Interbank Offered Rate (TIBOR).


International Chamber of Commerce—an body formed to promote trade, investment, open markets and the free flow of capital in international business


The International Capital Markets Association—the regulatory body for the bond market

Incurrence covenant

Type of covenant normally found in bond documentation which restricts the issuer from taking certain

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