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The Hindu Editorial (Shot in the arm) – Jan 29, 2019

The Hindu Editorial (Shot in the arm) – Jan 29, 2019

Last week’s Supreme Court judgment upholding the validity of the Insolvency and Bankruptcy Code 2016 (IBC) in its “entirety” could have a major impact on the country’s economic landscape. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Shot in the arm) – Jan 29, 2019.

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Courtesy: The Hindu

Today’s word list-1 The Hindu Editorial (Shot in the arm) – Jan 29, 2019:

  1. shot in the arm (phrase) – boost, fillip, stimulus.
  2. uphold (verb) – preserve, protect, validate/justify.
  3. insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
  4. 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.
  5. knotty (adjective) – complex, complicated, intricate.
  6. in its entirety (phrase) – as a whole, completely, entirely/totally.
  7. landscape (noun) – the distinctive features of a field of activity.
  8. fledgling (adjective) – emerging, beginning, developing.
  9. provision (noun) – term, clause, requirement/condition.
  10. plug (verb) – stop, close, block/bar.
  11. loophole (noun) – an ambiguity in the law; flaw/fault, defect.
  12. defaulter (noun) – a person who is (purposefully) not repaying banks/lenders’ debt on time for various reasons.
  13. empower (verb) – authorize, allow, entitle.
  14. bound to (adjective) – certain/sure, very likely, guaranteed.
  15. take something lying down (phrase) – accept (something) without protest.
  16. stamp of approval (phrase) – official statement, indication of approval, assent.
  17. stifle (verb) – constrain, oppress, prevent/impede.
  18. vested interest (noun) – a personal interest in something to get benefit.
  19. mount (verb) – set up, arrange, stage.
  20. owe (verb) – be in debt, be under an obligation to, be indebted to.
  21. payment waterfall (noun) – a repayment system by which senior creditors receive principal and interest payments from a borrower (debtor) first, and then subordinate creditors receive principal and interest payments.
  22. prescribe (verb) – advise, recommend, suggest.
  23. liquidation (noun) – conversion of assets into cash by selling them (to pay debts).
  24. high-profile (adjective) – most important, prominent.
  25. intelligible differentia (adjective) – understandable characteristic/element that distinguishing persons or things that are grouped from others.
  26. stymie (verb) – impede, prevent, hinder/obstruct.
  27. debt (noun) – liability, financial obligation, borrowed capital.
  28. infuse (verb) – add, introduce.
  29. on-lend (verb) – lend borrowed money to someone.
  30. entrepreneur (noun) – businessman, businesswoman, business person.
  31. aid (verb) – help, assist, sustain.
  32. troubled assets (noun) – non-performing assets (NPAs), bad loans, stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
  33. Paradise Lost (phrase) – the story of Adam & Eve and their expulsion from their Garden of Eden (Paradise) by God for their disobedience.
  34. backing (noun) – support, assistance, help/aid.
  35. recalcitrant (adjective) – wilful, uncooperative, obstinately disobedient.
  36. business as usual (phrase) – routine, regularity, normal pattern.

Note:  

 1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.bigotry, narrow-mindedness
2. 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. 
3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

Today’s word list-1 The Hindu Editorial (Shot in the arm) – Jan 29, 2019:

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