The Hindu Editorial (Sage advice) – Sep 13, 2018

Former RBI Governor Raghuram Rajan’s note of caution on the next financial crisis that could be building up needs to be taken in all seriousness. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Sage advice) – Sep 13, 2018.

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Today’s word list-1 for The Hindu Editorial (Sage advice) – Sep 13, 2018:

sage (adjective) – wise, learned, sensible.
heed (verb) – pay attention to, take into account, consider.
build up (phrasal verb) – develop, expand, enlarge.
non-performing assets (NPAs) (noun) – bad loans, troubled accounts, stressed loans; an account where principal and/or interest remains overdue for a period of time.
flag (verb) – indicate, identify, point out.
contingent liability (noun) – a liability which may arise depending on the outcome of a specific event.
disbursement (noun) – spending, expending, paying out.
outstanding (adjective) – unpaid/undue, unsettled, payable.
sanction (verb) – approve, accept, agree/endorse.
informal sector (noun) – informal economy, grey economy is the part of an economy that is neither taxed, nor monitored by any form of government.
under the radar (phrase) – unnoticed; without attention.
in course of time (phrase) – as time passes by, on the way, in the offing, coming soon.
hold true (phrase) – remain true or valid.
loan waiver (noun) – it is the waiving of the real or potential liability of the person or party who has taken out a loan through the voluntary action of the person or party who has made the loan.
turn a deaf ear (phrase) – pay no attention/heed, ignore, disregard.
vitiate (verb) – spoil, impair, destroy.
hazard (noun) – danger, risk, peril.
invariably (adverb) – always, every time, each time.
waive off (phrasal verb) – cancel, nullify, abolish.
ludicrous (adjective) – absurd, ridiculous, laughable.
allegation (noun) – charge/claim, accusation; complaint.
slow down (phrasal verb) – reduce, lessen price levels in (an economy).
forward-looking (adjective) – progressive, ambitious, reforming.
avert (verb) – prevent, stop, avoid.
recurrence (noun) – reappearance, repetition, return.
mess (noun) – plight, predicament, confusion/complication.
induct (verb) – allow into, introduce to, admit to.
deficit (noun) – shortfall, deficiency, shortage.
polity (noun) – nation, country, society.
purported (adjective) – alleged, claimed, professed.
high_profile (adjective) – high level, well known, notable.