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Business News Archive - August 13, 2007

SANTA MONICA, Calif., Aug. 13 /PRNewswire/ -- With the Federal Reserve injecting a third dose of liquidity into the banking system, experts say that trouble in the credit market might be worse than originally thought.

Word of the Day
postliminy
  • In Roman antiquity, the return of a person who had been banished, or taken prisoner by an enemy, to his old condition and former privileges.
  • In international law, that right by virtue of which persons and things taken by an enemy in war are restored to their former status when coming again under the power of the nation to which they belonged.
The word 'postliminy' comes from a Latin word meaning 'threshold'.