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2 changes: 1 addition & 1 deletion DEVELOPING.md
Original file line number Diff line number Diff line change
Expand Up @@ -109,7 +109,7 @@ Finally, the quantity `dai` can be transferred between users with `move`.

### Rate

The ilk quantity `rate` define the ratio of exchange
The ilk quantity `rate` defines the ratio of exchange
between un-encumbered and encumbered Debt.

This quantity allows for manipulation of debt balances
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