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Noun: lombard rate
  1. The interest rate charged by a central bank for short-term loans to other banks using securities as collateral
    "The lombard rate is typically higher than the standard discount rate"
Noun: Lombard  'lóm,baa(r)d or lóm-bu(r)d
  1. A member of a Germanic people who invaded northern Italy in the 6th century
    - Langobard

Derived forms: Lombards

Type of: European, interest rate, rate of interest

Encyclopedia: Lombard, Peter