Floating rate: Difference between revisions

Floating rate (view source)

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-An [[interest rate]] that floats, by reference to inter-bank offered rates, or central bank base rates, or that kind of thing. The [[London Interbank Offered Rate]] — fondly known as [[LIBOR]] — was once the daddy of interest rates, but it has rather fallen upon hard times.
+{{g}}An [[interest rate]] that floats, by reference to inter-bank offered rates, or central bank base rates, or that kind of thing. The [[London Interbank Offered Rate]] — fondly known as [[LIBOR]] — cue [[dramatic look gopher]]<ref>
+[[File:Dramatic Chipmunk.png|450px|frame|left|DID SOMEONE SAY [[LIBOR]]???]]</ref>
+ — was once the daddy of interest rates, but it has rather fallen upon hard times.
 Once thought of as a sleepy corner of the financial markets inhabited by losers who couldn't get a job trading anything sexy like [[Credit derivative|credit derivatives]] but boy did a few folks who thought that get a surprise in 2012.