Sentence:  One is impressed with the dignity , clarity and beauty of this new translation into contemporary English , and there <WSD>is</WSD> no doubt that the meaning of the Bible is more easily understandable to the general reader in contemporary language than in the frequently archaic words and phrases of the King James . 
Meaning of the word marked with <WSD> tags:  have the quality of being; (copula, used with an adjective or a predicate noun)