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.
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Below is today’s Vocabulary for The Hindu Editorial (Shot in the arm: on SC upholding Insolvency and Bankruptcy Code) – Jan 29, 2019.
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Today’s Vocabulary for The Hindu Editorial (Shot in the arm: on SC upholding Insolvency and Bankruptcy Code) – Jan 29, 2019
- Shot in the arm (phrase)
Meaning – boost, fillip, stimulus.
- Uphold (verb) – कायम रखना
Meaning – Confirm or support (something which has been questioned)
Synonyms – preserve, protect, validate/justify.
Sentence – The court upheld his claim for damages.
- Insolvency (noun) – दिवालियापन
Meaning – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
Synonyms – bankruptcy, liquidation, failure, collapse
Sentence – The club was facing insolvency.
- Bankruptcy (noun) – दिवालियापन
Meaning – legal state of insolvency.
Synonyms – insolvency, liquidation, failure, ruin.
Sentence – Many companies were facing bankruptcy.
- Knotty (adjective) – विकट, जटिल
Meaning – Extremely difficult or complex.
Synonyms – complex, complicated, intricate.
Sentence – A knotty legal problem.
- In its entirety (phrase)
Meaning – as a whole, completely, entirely/totally.
- Landscape (noun) – परिदृश्य
Meaning – the distinctive features of a field of activity.
Sentence – The event transformed the political landscape.
- Fledgling (adjective) – अनुभवहीन मनुष्य
Meaning – A person or organization that is immature, inexperienced, or underdeveloped.
Synonyms – emerging, beginning, developing.
Sentence – The country’s fledgling democracy.
- Provision (noun) – प्रावधान
Meaning – A condition or requirement in a legal document.
Synonyms – term, clause, requirement/condition.
Sentence – The first private prosecution under the provisions of the 1989 Water Act.
- Loophole (noun) – बचाव का रास्ता
Meaning – An ambiguity or inadequacy in the law or a set of rules.
Synonyms – means of evasion, means of escape, escape clause
Sentence – They exploited tax loopholes.
- Defaulter (noun) – दोषी, दिवालिया
Meaning – a person who is (purposefully) not repaying banks/lenders’ debt on time for various reasons.
Synonyms – non-payer, debt dodger
Sentence – The only organizational measure of the institution attended by defaulters was whether the defaulter graduated.
- Take something lying down (phrase)
Meaning – accept (something) without protest.
- Stamp of approval (phrase)
Meaning – official statement, indication of approval, assent.
- Stifle (verb) – दबाना
Meaning – Prevent or constrain (an activity or idea)
Synonyms – constrain, oppress, prevent/impede.
Sentence – High taxes were stifling private enterprise.
- Mount (verb) – स्थापित करना
Meaning – Establish
Synonyms – set up, arrange, stage.
Sentence – Security forces mounted check points at every key road.
- Owe (verb) – ऋणी होना, आभारी होना
Meaning – Have an obligation to pay or repay (something, especially money) in return for something received.
Synonyms – be in debt, be under an obligation to, be indebted to.
Sentence – They have denied they owe money to the company.
- Prescribe (verb) – आज्ञा देना, नुसख़ा लिखना
Meaning – Recommend (a substance or action) as something beneficial.
Synonyms – advise, recommend, suggest.
Sentence – Marriage is often prescribed as a universal remedy.
- Liquidation (noun) – परिसमापन, दिवालियापन
Meaning – conversion of assets into cash by selling them (to pay debts).
Sentence – U.S. stocks could face liquidation by foreign holders.
- Stymie (verb) – गतिरोध
Meaning – Prevent or hinder the progress of.
Synonyms – impede, prevent, hinder/obstruct.
Sentence – The system is also stymied by a reporting loophole.
- Infuse (verb) – उत्तेजित करना, उड़ेलना
Meaning – Instil (a quality) in someone or something.
Synonyms – add, introduce.
Sentence – He did his best to infuse good humour into his voice.
- Entrepreneur (noun) – व्यवसायी
Meaning – A person who sets up a business or businesses, taking on financial risks in the hope of profit.
Synonyms – businessman, businesswoman, business person.
Sentence – You, too, can be an Internet entrepreneur.
- Aid (verb) – सहायता
Meaning – Promote or encourage (something)
Synonyms – help, assist, sustain.
Sentence – The guests were all kept on special diets to aid their recovery.
- Paradise Lost (phrase)
Meaning – the story of Adam & Eve and their expulsion from their Garden of Eden (Paradise) by God for their disobedience.
- Backing (noun) – समर्थन
Meaning – Help or support.
Synonyms – support, assistance, help/aid.
Sentence – The foreign secretary won the backing of opposition parties.
- Recalcitrant (adjective) – आज्ञा न माननेवाला
Meaning – Having an obstinately uncooperative attitude towards authority or discipline.
Synonyms – wilful, uncooperative, obstinately disobedient.
Sentence – Rarely do recalcitrant companies get punished.
- Business as usual (phrase)
Meaning – routine, regularity, normal pattern.
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