Sutra 3

Devanagari script

विपत्तौ श्रेणी निक्षेपं भजेत ॥ कZ_०४.१.०३ ॥

Transliteration

vipattau śreṇī nikṣepaṃ bhajeta

Translation

ໃນຍາມວິກິດ ກິລດ໌/ສະຫະກອນ (śreṇī) ຈະຕ້ອງຮັບຜິດຊອບ/ແບ່ງຮັບພາລະສໍາລັບເງິນຝາກ (nikṣepa).

Word by Word

• विपत्तौ: in distress; in an emergency
• Type: Noun
• Root: वि+पद् (पद्)
• Form: स्त्रीलिङ्ग; एकवचन; सप्तमी; 'विपद्/विपत्ति' (आपद्-अर्थे)

• श्रेणी: the guild (corporate body)
• Type: Noun
• Root: श्रेणी
• Form: स्त्रीलिङ्ग; एकवचन; प्रथमा; कर्तृपद

• निक्षेपम्: a deposit; entrusted property
• Type: Noun
• Root: नि+क्षिप्
• Form: पुंलिङ्ग; एकवचन; द्वितीया; कर्मपद

• भजेत: should take/accept; should resort to
• Type: Verb
• Root: भज्
• Form: लोट् (आज्ञार्थे/विधिलिङ्ग-प्रायः); परस्मैपदम्; प्रथमपुरुष; एकवचन; विध्यर्थः

Entities Mentioned

• śreṇī (guild)

More Details

FAQs

What governance mechanism is used to protect depositors?

Collective liability: the guild acts as insurer-of-last-resort for member-custodians during crises.

What incentive effect does this create within guilds?

Members monitor each other’s solvency and conduct, because one member’s failure imposes costs on the collective.