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.
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