Bail-in doubts – The Hindu (Dec 05, 2017)

Bail-in doubts — The Hindu (Dec 05, 2017)

Finance Minister Arun Jaitley has wisely sought to allay fears about a “bail-in” clause in the Financial Resolution and Deposit Insurance Bill, 2017.For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1 (To Improve English Vocabulary)

1. allay (verb) – reduce, decrease, relieve/ease.
2. bail-in (noun) – a way of helping a bank or other institution in financial difficulty, in which people/creditors of the bank to bear some of the burden by cancelling a part of the debt they are owed .
3. bailout (noun) – an act of providing financial help/support by the outside investors to a bank/institution which faces serious financial difficulty.
4. recapitalisation (noun) – it is a type of corporate reorganization involving substantial change in a company’s capital structure, especially by replacing debt with stock.
5. haircut (noun) – a reduction in the mentioned value of an asset.
6. insolvency (noun) –  a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
7. 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.
8. write down (noun) – a reduction in the calculated/estimated value of something.
9. purportedly (adverb) – allegedly, professedly, supposedly.
10. scrap (verb) – abandon, cancel, abolish (a plan/policy).
11. liquidate (verb) – close down, wind up/dissolve, terminate.
12. steer (verb) – lead, guide, marshal.
13. out of the woods (phrase) – out of danger/difficulty.
14. necessitate (verb) – require, demand, call for.
15. bust (noun) – a period of economic difficulty.
16. unviable (adjective) – not capable/feasible.
17. salvage (verb) – rescue, get back; regain.
18. a run on (phrase) – demand for, rush for, sudden request for.
19. thrust (verb) – force, push, pressurize.
20. nudge (verb) –  prompt, encourage, push.
21. rational (adjective) – logical, well reasoned, sensible.
22. dispensation (noun) – system, order, scheme/plan.

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.