A big broom – The Hindu (Sep 21, 2017)

A big broom – The Hindu (Sep 21, 2017)

The decision by the Ministry of Corporate Affairs to crack down on so-called ‘shell companies’, disqualify select directors in these entities and debar them from taking board positions for a specified period of time cannot be faulted. For further reading, visit “The Hindu”.

This preview is provided here with permission.

Courtesy: The Hindu

Word List-1 (To Improve English Vocabulary)

1. crack down on (phrasal verb) – get tough on, take severe measures against, clampdown on.
2. shell company (noun) -a non-trading company used as a vehicle for various financial manoeuvres.
3. name and shame (phrase) – to publicly say that somebody has done something wrong.
4. augean (adjective) – relating to a task which is difficult to solve/complete and it needs so much effort.
5. stable (noun) – an organization which trains a particular type of person/ produces a particular type of product.
6. bona fide (adjective) – authentic, genuine, real, true, actual.
7. fraught with (adjective) – full of, filled with, charged with/loaded with.
8. the devil is in the detail (phrase) – the details of something are always difficult & problematic part of it.
9. underlying (adjective) – fundamental, basic, essential.
10. laudable (adjective) – praiseworthy, commendable, admirable.
11. inadvertently (adverb) – accidentally, unintentionally; mistakenly.
12. taint (verb) – harm, hurt, debase/infect.
13. curb (verb) – limit, restrict, control.
14. hastily (adverb) – quickly, hurriedly, swiftly/rapidly.
15. sheer (adjective) – total, complete, thorough.
16. imperative (adjective) – vitally important, crucial, necessary.
17. diligence (noun) – carefulness, thoroughness, sedulousness.
18. mala fide (adjective) – illegal, dishonest (to gain advantage).
19. onus (noun) – responsibility, duty, burden.
20. subvert (verb) – undermine, destabilize, weaken.
21. shortcomings (noun) – fault, flaw, imperfection/defect.
22. malfeasance (noun) – wrongdoing, deceit, falsehood.
23. chagrin (noun) – annoyance, irritation/vexation, displeasure.
24. dissolve (verb) – dismiss, terminate, suspend.
25. wind up (phrasal verb) – bring to a end, close down, terminate/finish.
26. extralegal (adjective) –  something not governed/regulated/ by laws.
27. rigging (noun) – an act of manipulating/intriguing/conduct fraudulently, particularly elections.
28. insider trading (noun) – it is defined as any confidential price-sensitive knowledge and data that can provide an unfair advantage when buying and selling shares of a publicly traded company.
29. illiquidity (noun) – (of market) low volume of activity because of less participants.
30. oversight (noun) – carelessness, inattention, laxity.
31. money launderer (noun) – a person who secretly moving illegally acquired funds into legal bank accounts or investments.
32. malady (noun) – serious problem.
33. insolvency (noun) – failure/collapse;  financial ruin, bankruptcy, indebtedness.
34. bankruptcy (noun) – insolvency, liquidation, failure/financial ruin.
35. usher in (phrasal verb) – start/begin, initiate; herald/signal.
36. stakeholder (noun) – a person with an interest in something.
37. stringent (adjective) – strict, firm, tough/rigorous.

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/.

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. Use it with the corresponding article published on the source (website) via the link provided. 

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.