Katha 1.1.1
Sage Vajasravasa performed the Visvajit sacrifice, in which he gave away all his wealth. He had a son named Nachiketa.
The Katha Upanishad provides poignant names to its characters, such as Vajasrava, which literally means "one who has attained fame for making charitable gifts of rice". The scene of the Upanishad opens in the household of this great scholar, who is fulfilling an austere sacrifice where one donates the entirety of their wealth.
His son Nachiketa has a similar word play to his name. Na kṣiti and Na aksiyete, pronounced similarly to Nachiketa, mean "non-decay" or "imperishable" - a meaning that is relevant later in the story.
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uśan ha vai — the story goes
Indeclinables used to call to remembrance some past events or history -
vājaśravasaḥ — son of Vajasrava
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sarvavedasaṃ — sacrifice where one gives away all their wealth
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dadau — gave in charity
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tasya — his
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ha — indeed
Vocative particle to indicate "so the story goes". -
naciketā — Nachiketa
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nāma — name
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putra — son
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āsa — was