benchmark replacement
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 5802 — in this chapter
The term "benchmark replacement" means a benchmark, or an interest rate or dividend rate (which may or may not be based in whole or in part on a prior setting of LIBOR), to replace LIBOR or any interest rate or dividend rate based on LIBOR, whether on a temporary, permanent, or indefinite basis, under or with respect to a LIBOR contract.