DEFINITION of 'Funding Agreement'. A low-risk, fixed-income investment. A funding agreement offers a lump sum to the seller while providing the buyer with a fixed rate of return, which is often based on the LIBOR, the most popular benchmark in the world for short-term interest rates.REAKING DOWN 'Funding Agreement'. Funding agreements don't require registration and often offer a higher rate of return than money market funds. What's more, they are often tied to put options that allow an investor to terminate the contract after a specified period of time.
Daksh is an electrically powered and remotely controlled robot used for locating, handling and destroying hazardous objects safely. Daksh speaks for the ingenuity of the R&DE(E). It is a battery-operated robot on wheels and its primary role is to recover improvised explosive devices (IEDs). It locates IEDs with an X-ray machine, picks them up with a gripper-arm and defuses them with a jet of water.
Definition of dap. a handshake of sorts, used in greeting or in congratulations. The hand is held in a first. In the longer version, one person taps the bottom of their fist against the top of the other person's fist, then the fists are to switch place and are tapped again, then they are tapped front-to-front.