What the LIBOR isn’t
Sometimes the best way to commit a tough concept to memory is through a lesson in what it isn’t.
Do you find yourself scratching your head every time the term "LIBOR" starts making headlines?
It's not easy to remember technical — and often painfully boring — explanations of financial terms. Which is why GlobalPost made this handy, fun explainer back in July.
But sometimes the best way to commit a tough concept to memory is through a lesson in what it isn't.
To that end, here's some clarification.
A LIBOR is not this:
That, if you must know, is a Liboar (half lion, half boar).
And — we know, we know, you get them confused all the time — it's not a girl's name of Hebrew origin, either.
In fact, LIBOR isn't "an" anything. It's the London Interbank Offered Rate, silly. Not a cholesterol drug.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!