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Banks in Missouri and Nevada have been closed by regulators, marking the 24th and 25th U.S. banks to fail so far in 2009, officials said. The Federal Deposit Insurance Corp.
Word of the Day
- A pivoted catch designed to fall into a notch on a ratchet wheel so as to allow movement in only one direction (e.g. on a windlass or in a clock mechanism), or alternatively to move the wheel in one direction.
The word 'pawl' probably comes from a Latin word meaning 'stake'.