recapitalised
ree-KAP-ih-tuh-lyzd
Definition
Having been provided with new capital, especially in order to meet specific financial regulatory standards or to restore financial stability.
Etymology
The word is a derivative of 'capital,' originating from the Latin 'capitalis' meaning 'of the head' or 'chief.' It evolved to refer to wealth or assets and, with the prefix 're-' and suffix '-ize,' it describes the act of providing capital again or anew.
In the news
The article uses the term to describe insurance companies that have successfully met new regulatory financial requirements, ensuring they are stronger and more stable. This indicates that these firms are now fully compliant and equipped to handle larger risks.
Bears Pullback Local Stock Market by 0.12% as Investors Lose N257bn |
Read the full article ↗Business Post Nigeria