The Hindu Editorial (Shot in the arm) – Jan 29, 2019

Last week’s Supreme Court judgment upholding the validity of the Insolvency and Bankruptcy Code 2016 (IBC) in its “entirety” could have a major impact on the country’s economic landscape. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Shot in the arm) – Jan 29, 2019.

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Today’s word list-1 The Hindu Editorial (Shot in the arm) – Jan 29, 2019:

shot in the arm (phrase) – boost, fillip, stimulus.
uphold (verb) – preserve, protect, validate/justify.
insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
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.
knotty (adjective) – complex, complicated, intricate.
in its entirety (phrase) – as a whole, completely, entirely/totally.
landscape (noun) – the distinctive features of a field of activity.
fledgling (adjective) – emerging, beginning, developing.
provision (noun) – term, clause, requirement/condition.
plug (verb) – stop, close, block/bar.
loophole (noun) – an ambiguity in the law; flaw/fault, defect.
defaulter (noun) – a person who is (purposefully) not repaying banks/lenders’ debt on time for various reasons.
empower (verb) – authorize, allow, entitle.
bound to (adjective) – certain/sure, very likely, guaranteed.
take something lying down (phrase) – accept (something) without protest.
stamp of approval (phrase) – official statement, indication of approval, assent.
stifle (verb) – constrain, oppress, prevent/impede.
vested interest (noun) – a personal interest in something to get benefit.
mount (verb) – set up, arrange, stage.
owe (verb) – be in debt, be under an obligation to, be indebted to.
payment waterfall (noun) – a repayment system by which senior creditors receive principal and interest payments from a borrower (debtor) first, and then subordinate creditors receive principal and interest payments.
prescribe (verb) – advise, recommend, suggest.
liquidation (noun) – conversion of assets into cash by selling them (to pay debts).
high-profile (adjective) – most important, prominent.
intelligible differentia (adjective) – understandable characteristic/element that distinguishing persons or things that are grouped from others.
stymie (verb) – impede, prevent, hinder/obstruct.
debt (noun) – liability, financial obligation, borrowed capital.
infuse (verb) – add, introduce.
on-lend (verb) – lend borrowed money to someone.
entrepreneur (noun) – businessman, businesswoman, business person.
aid (verb) – help, assist, sustain.
troubled assets (noun) – non-performing assets (NPAs), bad loans, stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
Paradise Lost (phrase) – the story of Adam & Eve and their expulsion from their Garden of Eden (Paradise) by God for their disobedience.
backing (noun) – support, assistance, help/aid.
recalcitrant (adjective) – wilful, uncooperative, obstinately disobedient.
business as usual (phrase) – routine, regularity, normal pattern.