The Allied Stores Corporation has received bankruptcy court approval of an unusual borrowing arrangement to help it continue operations through its Chapter 11 reorganization.

Remember too that later, when you complete your studies, Midland will still be there to offer you preferential borrowing arrangements while you are looking for a job and getting established in your career.

Through this system, over 4 million volumes are available through interlibrary loan, the statewide reciprocal borrowing arrangement which encompasses over 160 libraries.

Some members of Mr. McGreevey's staff, who spoke on the condition of anonymity, said that the Whitman administration had briefly considered a similar borrowing arrangement in 1995.

It announced new borrowing arrangements yesterday but declined to say which banks had provided the money or what assets it had put up to secure the loans.

Swaps amount to short-term borrowing arrangements in which the United States acquires yen for dollars, usually for periods not longer than a year.

With such a letter, a bank or savings institution in effect sets up an unfunded credit line that it promises to use to backstop a customer's borrowing arrangement with a third party.

Dome Petroleum Ltd. said it had defaulted on nearly all of its loans because some of its lenders were unwilling to extend an interim borrowing arrangement on terms acceptable to the company.

The five-day grace period should allow rectification of any administrative delays and give the customer time to make any necessary borrowing arrangements or realise assets to fund margin calls.

The lenient borrowing arrangements that Long-Term Capital had enjoyed caused other migraines for its bankers.