Finance Minister Arun Jaitley has wisely sought to allay fears about a “bail-in” clause in the Financial Resolution and Deposit Insurance Bill, 2017.For further reading, visit “The Hindu”.
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Courtesy: The Hindu
Word List-1 (To Improve English Vocabulary)
- allay (verb) – reduce, decrease, relieve/ease.
- bail-in (noun) – a way of helping a bank or other institution in financial difficulty, in which people/creditors of the bank to bear some of the burden by cancelling a part of the debt they are owed .
- bailout (noun) – an act of providing financial help/support by the outside investors to a bank/institution which faces serious financial difficulty.
- recapitalisation (noun) – it is a type of corporate reorganization involving substantial change in a company’s capital structure, especially by replacing debt with stock.
- haircut (noun) – a reduction in the mentioned value of an asset.
- insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
- bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.
- write down (noun) – a reduction in the calculated/estimated value of something.
- purportedly (adverb) – allegedly, professedly, supposedly.
- scrap (verb) – abandon, cancel, abolish (a plan/policy).
- liquidate (verb) – close down, wind up/dissolve, terminate.
- steer (verb) – lead, guide, marshal.
- out of the woods (phrase) – out of danger/difficulty.
- necessitate (verb) – require, demand, call for.
- bust (noun) – a period of economic difficulty.
- unviable (adjective) – not capable/feasible.
- salvage (verb) – rescue, get back; regain.
- a run on (phrase) – demand for, rush for, sudden request for.
- thrust (verb) – force, push, pressurize.
- nudge (verb) – prompt, encourage, push.
- rational (adjective) – logical, well reasoned, sensible.
- dispensation (noun) – system, order, scheme/plan.
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Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. Use it with the corresponding article published on the source (website) via the link provided.
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