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 story you just read is available for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll get us one step closer to our goal of raising $25,000 by June 14. We need your help now more than ever!