ksaras caksara eva ca

ksarah sarvani bhutani

kuta-stho ‘ksara ucyate

dvau—two; imau—in this (world); puruṣau—living entities; loke—in the world; kṣaraḥ—fallible; ca—and; akṣaraḥ—infallible; eva—certainly; ca—and; kṣaraḥ—the fallible; sarvāṇi—all; bhūtāni—living entities; kūṭasthaḥ—in oneness; akṣaraḥ—infallible; ucyate—is said.

There are two classes of beings, the fallible and the infallible. In the material world every entity is fallible, and in the spiritual world every entity is called infallible.

paramatmety udahrtah

yo loka-trayam avisya

bibharty avyaya isvarah

uttamaḥ—the best; puruṣaḥ—personality; tu—but; anyaḥ—another; param—the Supreme; ātmā—Self; iti—thus; udāhṛtaḥ—said; yaḥ—one who; loka—of the universe; trayam—the three divisions; āviśya—entering; bibharti—maintaining; avyayaḥ—inexhaustible; īśvaraḥ—the Lord.

Besides these two, there is the greatest living personality, the Lord Himself, who has entered into these worlds and is maintaining them.

aksarad api cottamah

ato ‘smi loke vede ca

prathitah purusottamah

yasmāt—because; kṣaram—the fallible; atītaḥ—transcendental; aham—I; akṣarāt—from the infallible; api—better than that; ca—and; uttamaḥ—the best; ataḥ—therefore; asmi—I am; loke—in the world; vede—in the Vedic literature; ca—and; prathitaḥ—celebrated; puruṣottamaḥ—as the Supreme Personality.