Banking on good faith – The Hindu (Jan 27, 2017)

Banking on good faith – The Hindu (Jan 27, 2017)

The arrests by the Central Bureau of Investigation of former IDBI officials are worth noting for timing, intent and implications. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1:

1. bank on (phrasal verb) – rely on, depend on; anticipate.
2. implication (noun) – result, effect/impact, consequence.
3. helm (noun) – in charge, responsible, in authority.
4. facilitate (verb) – enable, assist, help.
5. defunct (adjective) – no longer existing, inoperative, non-functioning.
6. due diligence (noun) – careful investigation before signing off a contract.
7. bar (verb) – prohibit, prevent, forbid/ban.
8. restrain (verb) – stop, prevent; ban.
9. owe (verb) – be in debit.
10. exile (noun) – banishment, expulsion, expatriation.
11. scramble (verb) – battle, struggle, jostle.
12. consortium (noun) – a group of companies; association, syndicate.
13. embarrassment (noun) – difficulty, predicament, plight/problem.
14. legacy (noun) – consequence, effect/result, outcome.
15. pile (noun) – lot, large amount, large quantity.
16. wilful defaulter (noun) – a person who is purposefully not repaying banks/lenders’ debt on time for various reasons.
17. baron (noun) – magnate, tycoon, mogul.
18. flurry (noun) – a series of things happening suddenly at the same period; spate, cascade.
19. belated (adjective) – late, overdue, delayed.
20. well-heeled (adjective) – wealthy, rich, affluent.
21. nexus (noun) – junction, linkage, connection.
22. wary (adjective) – cautious, careful, alert.
23. political paralysis (noun) – a condition in which a law is not enacted due to the government’s ineffectiveness to get an agreement/cooperation across the aisles.
24. retribution (noun) – punishment, penalty, nemesis.
25. stand by (phrasal verb) – support, defend, uphold/back up.
26. malfeasance (noun) – wrongdoing, deceit, falsehood.
27. swift (adjective) – rapid, quick, speedy/fast.
28. exemplary (adjective) – perfect, faultless, flawless.
29. witch-hunt (noun) – an investigation to find & punish people with unpopular views/opinions and not because of they have done something wrong.

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. 

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