The Hindu Editorial (Miles to go for the new bankruptcy code) – May 22, 2018

Good news has finally started to roll out of the refurbished bankruptcy courts. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Miles to go for the new bankruptcy code) – May 22, 2018.

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Today’s word list-1 for The Hindu Editorial (Miles to go for the new bankruptcy code) – May 22, 2018:  

1. miles (noun) – a very long way.
2. 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.
3. insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
4. yield (verb) – produce, give, provide.
5. wrinkle (noun) – difficulty, snag, obstacle/drawback.
6. roll out (phrasal verb) – launch, introduce, initiate.
7. refurbished (adjective) – revamped, overhauled, restored/renewed.
8. stake (noun) – share, financial interest, investment.
9. bankrupt (adjective) – failed, ruined, impoverished/wiped out.
10. behest (noun) – instruction, request; command/order.
11. proceeds (noun) – profits, earnings,returns/gain.
12. liabilities (noun) – financial obligation, debt, arrears/dues.
13. owe (verb) – be in debt to, be in arrears, be obligated.
14. nevertheless (adverb) – notwithstanding, nonetheless, in spite of that/however.
15. defaulter (noun) – a person who is not repaying banks/lenders’ debt on time for various reasons.
16. non-performing assets (NPAs) (noun) – bad loans, toxic/ troubled assets;  stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
17. write off (verb) – eliminate/remove/cancel a bad debt from the account/record.
18. foot (verb) – pay, pay the bill, settle up.
19. recapitalisation (noun) – it is a type of corporate reorganization involving substantial change in a company’s capital structure, especially by replacing debt with stock.
20. deflect (verb) – deviate, divert, distract/change.
21. plague (verb) – afflict, torment, trouble.
22. subsume (verb) – include, absorb, encompass.
23. plethora (noun) – excess, abundance, surplus/too many.
24. bog down (phrasal verb) – hamper/hinder, obstruct ; overburden.
25. suppress (verb) – stifle, control, prevent.
26. vouch (verb) – attest to, confirm, uphold/endorse.

Today’s word list-1 for The Hindu Editorial (Miles to go for the new bankruptcy code) – May 22, 2018:

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. 

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

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