Notable Quotable
"Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway." 
-Warren Buffett
Term of the Day

common law

One of the two major legal systems of the modern Western world (the other is civil law), it originated in the UK and is now followed in most English speaking countries. Initially, common law wasfounded on common sense as reflected in the social customs. Over the centuries, it was supplanted by statute law(rules enacted by a legislative body such as a Parliament) and clarified by the ...
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Usage Example
Some 68 per cent of women were married or in a common lawrelationship, compared with 87 per cent of men.
Term of the Day

budget surplus

The amount by which a government'scompany's, or individual'sincome exceeds its spending over a particular period of time. Generally, agovernment does not need to maintain a budgetsurplus. However, a government has to be careful about running a budget deficit to make sure that the means of financing thedeficit do not cause too much of an interest burden. In general,economists become...
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Usage Example
But they also said that while the economy is improving the state does not have an unlimited budget surplus.