Undervalued transaction terminology is revised by amending section 46 to clarify avoidance language and relevant time periods. Section 46 is amended to substitute the marginal heading from 'avoidable' to 'undervalued' and to replace the opening words of sub-section (1) with 'avoidance of an undervalued transaction.' Clauses (i) and (ii) are also revised to define the relevant period as starting from the initiation date and ending on the insolvency commencement date, replacing the earlier temporal wording.