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GLOSSARY TERMS
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LIBOR

LIBOR stands for London Interbank Offered Rate which is a financial index based on the that banks borrow from unsecured funds from the banks in the London wholesale market.  LIBOR is much like the Prime Rate used in the United states.  Credit card companies may use LIBOR to calculate variable rate annual percentage rates (APRs).


Previous Credit Card Term: Liability on an Account

Next Credit Card Term: Magnetic Stripe


* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.