The Hindu Editorial (Rescuing IL&FS) – Oct 02, 2018

The Centre’s move to supersede the Board of Directors of the troubled Infrastructure Leasing & Financial Services (IL&FS) has come not a day too soon. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Rescuing IL&FS) – Oct 02, 2018.

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Today’s word list-1 for The Hindu Editorial (Rescuing IL&FS) – Oct 02, 2018:

rescue (verb) – save, save from danger, save the life of.
bailout (noun) – an act of providing money or financial assistance by the outside investors (usually given by the government) to organisations/industries which faces serious financial difficulty, that are on the verge of going bankrupt.
debt (noun) – liability, financial obligation, borrowed capital.
pile-up (noun) – accumulation, heap, excess.
supersede (verb) – replace, supplant, remove/overthrow.
not a day/moment too soon (phrase) – very/too late, at the critical moment, just in time.
explicitly (adverb) – clearly, unequivocally, without any doubt.
liquidity (noun) – liquid assets; cash; (liquid asset is an asset which can be easily sold/converted into cash without losing its value).
unambiguous (adjective) – unarguable, beyond doubt/question, unquestionable.
turbulence (noun) – turmoil, confusion, conflict.
debt market (noun) – bond market. The market where debt instruments (like bonds (government or corporate) and mortgages) are traded.
stock market (noun) – equity/share market. The market for trading equity instruments (like common stock shares).
beleaguered (adjective) – troubled, hard-pressed, under pressure/stress.
to begin with (phrase) – at first, at the outset, at the beginning.
debenture (noun) – a long-term debt instrument (savings bond) issued by a company to borrow money that is paid back over a long period of time and at a fixed rate of interest.
default (verb ) – fail to pay, not pay, renege.
bureaucrat (noun) – a government official, administrator, mandarin.
lend (verb) – provide, give, offer.
take down (phrasal verb) – ruin, damage, destroy.
solvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is able to pay its debts.
over-leveraging (noun) – an act of taking too much debts (which can not be paid back on time).
fly under the radar (phrase) – go unnoticed; go without attention.
goings on (plural noun) – events, happenings, affairs.
misplaced (adjective) – misguided, ill-advised, ill-judged.
negligent (adjective) – careless/heedless, irresponsible, inattentive.