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Noun: lombard rate
  1. An interest rate charged by a central bank for very short term loans to other banks against an approved collateral.
    "Lending is via central banks, in particular the securities 'eligible for collateral' which are registered on lists; as a general rule, the Lombard rate (interest rate) is more or less one per cent above 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

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