Only lenders should initiate bankruptcy

The Economic Times

Only lenders should initiate bankruptcy
07,Oct,2019

10 words from this day's editorials with Hindi meaning

Read the words first, then the editorial: you will meet them in the text and remember them. Tap a word for its dictionary page.

Undergo (verb)

Meaning: to experience something, especially a change or something unpleasant. सहना, गुजरना

Synonyms: Experience, Sustain, Suffer, Encounter

Antonyms: Break Down, Succumb, Surrender, Yield

Example: He underwent a life-saving brain operation.

Disseminate (verb)

Meaning: to spread information, knowledge, etc. so that it reaches many people. प्रसारित करना

Synonyms: Spread, Promulgate, Propagate, Circulate

Antonyms: Hide, Conceal, Limit, Restrict

Example: They use the press to disseminate radical views.

Harmonize (verb)

Meaning: to be suitable together, or to make different people, plans, situations, etc. suitable for each other. अनुरूप होना या बनाना

Synonyms: Coordinate, Reconcile, Attune, Make Compatible

Antonyms: Disorder, Disorganize, Disrupt, Estrange

Example: The need to harmonize British practice with the new European standards.

Subsidiary (noun)

Meaning: a business company that is owned or controlled by another larger company सहायक कंपनी

Synonyms: Subdivision, Satellite, Affiliate, Branch

Antonyms: Parent Company, Holding Company

Example: The subsidiary companies will now have more autonomy.

Erode (verb)

Meaning: to gradually destroy something or make it weaker over a period of time; to be destroyed or made weaker in this way. घट जाना, धीरे धीरे नष्ट कर जाना

Synonyms: Decrease, Diminish, Wane, Lessen

Antonyms: Increase, Amplify, Inflate, Supplement

Example: Mortgage payments have been eroded (= decreased in value) by inflation.

Facilitate (verb)

Meaning: to make an action or a process possible or easier सुगम बनाना

Synonyms: Make Easier, Expedite, Ease, Promote

Antonyms: Inhibit, Cease, Impede, Halt

Example: The new ramp will facilitate the entry of wheelchairs.

Mitigate (verb)

Meaning: to make something less harmful, serious, etc. (गम्भीरता कम करना).

Synonyms: Relieve, Alleviate, Palliate, Ameliorate

Antonyms: Intensify, Sharpen, Aggravate, Exacerbate

Example: Governments should endeavour to mitigate distress caused by poverty.

Prevalent (adjective)

Meaning: that exists or is very common at a particular time or in a particular place. प्रचलित

Synonyms: Common, Widespread, Ubiquitous, Pervasive

Antonyms: Unusual, Abnormal, Exceptional, Extraordinary

Example: Besides English, Spanish is most prevalent language in states.

Prosperous (adjective)

Meaning: Bringing wealth and success. सम्पन्न

Synonyms: Successful, Thriving, Flourishing, Booming

Antonyms: Declining, Languishing, Failing, Floundering

Example: New York is a prosperous city.

Goodwill (noun)

Meaning: friendly or helpful feelings towards other people or countries. सद्भावना

Synonyms: Friendliness, Cordialness, Benevolence, Kindliness

Antonyms: Ill-Will, Antagonism, Antipathy, Enmity

Example: The Prime minister is on a goodwill visit to Japan.

The editorial

Source: The Economic Times · 7 Oct 2019

Homeowners and vendors should be barred The Insolvency and Bankruptcy Code (IBC) should be amended to permit only financial creditors (read banks) to initiate bankruptcy proceedings against corporate debtors. Neither an individual homeowner, who has been given the status of a financial creditor when the debtor is a real estate developer, nor a vendor with an outstanding payment should be able to initiate bankruptcy proceedings. What is at stake is the totality of the resources at the command of the company in distress and redeploying them in an optimal fashion, not piecemeal resolution. The big picture would be kept in mind by stakeholders whose interests are tied up with the totality of resources. These are the major lenders to the company.

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Quick quiz: 5 questions on these words

Synonyms and antonyms, the way exams ask them. Answers show as you tap.

1. Synonym of Undergo

2. Antonym of Harmonize

3. Synonym of Prevalent

4. Antonym of Prosperous

5. Synonym of Facilitate

Want the full 30-question quiz with All India rank? It is in the Vocab24 app.

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