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.