shorthand for “LIBOR plus,” used in stating the applicable margin in respect of a Floating Rate of Interest that is to be tied to LIBOR, such as “L+300 bps.”
Latham & Watkins is pleased to provide our Book of Jargon® — Hedge Funds. The Book of Jargon® — Hedge Funds
is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.
For more information please visit: www.lw.com