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What is IBF?

Published in Acronym Definitions 2 mins read

IBF is an acronym that can have several meanings, depending on the context. The most common interpretations are:

  • Internet Best Friend: This is a popular usage online, particularly in informal communication.

  • International Boxing Federation: A major sanctioning body for professional boxing.

  • International Bargaining Forum: A forum for dialogue and negotiation between stakeholders in a particular industry or sector.

  • International Banking Facilities: Special zones within a country that are subject to different banking regulations, often involving offshore banking activities.

Let's explore each meaning in more detail:

Internet Best Friend (IBF)

In the realm of online communication and social media, "IBF" stands for "Internet Best Friend." This term is used to describe a close friendship formed and maintained primarily through online interactions. It's analogous to "BF" (Best Friend) but specifies that the relationship is based online.

International Boxing Federation (IBF)

The International Boxing Federation (IBF) is one of the four major organizations recognized by the boxing community, along with the World Boxing Association (WBA), World Boxing Council (WBC), and World Boxing Organization (WBO), that sanction professional boxing bouts. It's involved in rating boxers, sanctioning championship fights, and awarding titles.

International Bargaining Forum

An International Bargaining Forum is typically a platform where different entities (e.g., companies, unions, governments) involved in a specific international industry can negotiate and come to agreements on various issues, such as wages, working conditions, and industry standards. The specifics of an IBF in this context depend entirely on the industry it pertains to.

International Banking Facilities (IBFs)

International Banking Facilities (IBFs) are separate sets of accounts maintained by U.S. banks that are exempt from certain regulations and reserve requirements. IBFs are designed to attract foreign deposits and loans that would otherwise be conducted offshore, without subjecting them to the same regulations as domestic banking.