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Quotes of the day:
Doctors pour drugs of which they know little, to cure diseases of which they know less, into patients of whom they know nothing.
A syndicate is a temporary alliance of businesses that joins together to manage a large transaction, which would be difficult, or impossible, to effect individually. Syndication makes it easy for companies to pool their resources and share risks, as when a group of investment banks works together to bring a new issue of securities to the market. There are different types of syndicates, such as underwriting syndicates, banking syndicates, and insurance syndicates.
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