white wash
n.— «And therefore, you have to do a very detailed exercise and then do what is called white wash procedure. Under the white wash procedure, the directors of the company and have to make a statuary declaration that immediately after the financial assistance is provided and 12 months thereafter, the company will be able to pay all its obligations as well as will be able to pay as and when they fall due. This is a very serious statuary declaration because if for any reason it doesn’t work out then there is a criminal liability for all the directors.» —“Arun Gandhi: Tatas’ M&A king and Corus deal writer” Moneycontrol India Sept. 15, 2007. (source: Double-Tongued Dictionary)
Further reading
The word filibuster has a long and colorful history, going back to the days when pirates roamed the high seas. Today it refers to hijacking a piece of legislation. Plus, the language of yoga teachers: When doing a guided meditation, you may hear...
The German word Zaunkönig means “wren,” but literally translates as “king of the fence.” This is part of a complete episode.
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