Credit Card Glossary: Terms and Definitions
		Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.

LIBOR

LIBOR (the London Interbank Offered Rate) is benchmark rate used as an index in setting many consumer variable rate loans. The LIBOR itself is based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). Like the consensus prime rate, it is often used as a referenced rate on which many variable interest rates are based.