The Hindu Editorial (Resolution, at last) – Mar 11, 2019

The National Company Law Tribunal’s approval of ArcelorMittal’s bid for the insolvent Essar Steel Ltd. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Resolution, at last) – Mar 11, 2019.

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Today’s word list-2 for The Hindu Editorial (Resolution, at last) – Mar 11, 2019:

1. at last (phrase) – finally, in the end, at long last.
2. insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
3. 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.
4. debt (noun) – liability, financial obligation, borrowed capital.
5. fledgling (adjective) – emerging, beginning, developing.
6. haircut (noun) – a reduction in the mentioned value of an asset.
7. precedent (noun) – previous example/instance, prior instance, exemplar.
8. default (verb ) – fail to pay, not pay, renege.
10. marquee (noun) – greatest, leading, foremost.
11. at stake (phrase) – at risk or issue.
12. insolvent (adjective) – bankrupt, collapsed, defaulting.
13. underlying (adjective) – fundamental, basic, primary.
14. underlying (adjective) – fundamental, basic, primary.
15. culmination (noun) – completion, finish, conclusion.
16. leg-up (noun) – support provided to improve one’s situation; contribution, allowance, benefaction.
17. go-ahead (noun) – permission, consent, licence.
18. appellate (noun) – (of a court) dealing with cases on appeal to review the decision of a lower court.
19. account for (phrasal verb) – constitute, make up, comprise/form.
20. defaulter (noun) – a person who is (purposefully) not repaying banks/lenders’ debt on time for various reasons.
21. pile-up (noun) – accumulation, heap.
22. resolution (noun) – conclusion, result, decision.
23. tie down (phrasal verb) – restrain, limit, constrain.

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-2 The Hindu Editorial (Resolution, at last) – Mar 11, 2019:

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