interbank

Definition

Pertaining to the connection of two or more banks. When interbank loans are given to one another, the rate of interest the banks charge is called the federal funds rate.

Use interbank in a sentence

You should try to make sure that you have a good reputation with the other party when you are going to do any interbank work.

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The interbank relationship between Citi and Chase had a long history and they relied on each other in order to maintain their own strength.

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My brother's investment bank was in real danger last week, but they were rescued after receiving an interbank loan from a consortium of financial institutions.

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either-way market interbank market