Finance Vocab #2: What LIBOR, Term Securities, and the TED Spread Mean to Our Lives
By Elizabeth Hemmerdinger My friend Viv, who helped me get started on this stuff last week, has come through with a more advanced set of definitions. Some are commonplace-sounding terms newly adopted by Wall Street whiz kids to name their new tools — others have been around forever. LIBOR. The London Inter Bank Offered Rate is the interest rate at…
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