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'Doctrine of the Elders', is a name of the
oldest form of the Buddha's teachings, handed down to us in the Pāli language.
According to tradition, its name is derived from the fact of
having been fixed by 500 holy Elders of the Order, soon after the death of the
Master.
Theravāda is the only one of the old schools of Buddhism
that has survived among those which Mahāyānists have called 'Hinayāna'.
It is
sometimes called Southern Buddhism or Pāli Buddhism.
It is found today in Sri
Lanka, Burma, Thailand, Cambodia, Laos and Chittagong (East Bengal. ) - Cf.
Guide, p. 60. - (App.).

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