Word of the Day


Corporates with a high rating often raise funds much cheaper than what is possible for a bank. The capital market and external commercial borrowings have become attractive avenues though even in the best of times can hardly supplant the banking system. -- The Hindu, 14 November 2005


A Sunni Arab leader of a citizen patrol group in Baghdad who had been a proponent of reconciliation in his neighborhood was assassinated over the weekend. -- New York Times, 15 September 2008

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