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Simple English definitions for legal terms
RBS
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A quick definition of RBS:
Term: RBS
Definition: RBS stands for Rural Business-Cooperative Service. It is a program that helps people in rural areas start and grow businesses by providing loans, grants, and other resources. The RBS also supports cooperatives, which are groups of people who work together to achieve common goals, such as selling products or services. The goal of the RBS is to improve the economic well-being of rural communities by promoting entrepreneurship and cooperation.
A more thorough explanation:
Definition: RBS is an abbreviation for Rural Business-Cooperative Service.
Example: The RBS provides financial assistance and business development resources to rural communities and cooperatives.
Explanation: The RBS is a government agency that supports rural businesses and cooperatives by providing loans, grants, and technical assistance. This helps to promote economic growth and development in rural areas. The example illustrates how the RBS provides financial assistance and resources to support rural businesses and cooperatives.