The Hindu Editorial (Cosmetic repair) – Jul 25, 2018

Editorial Words

6 years ago

The Hindu Editorial (Cosmetic repair) – Jul 25, 2018

Indian banks trying to sell their troubled assets now have one less hurdle to cross. A group of banks, including public sector,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Cosmetic repair) – Jul 25, 2018.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (Cosmetic repair) – Jul 25, 2018:

cosmetic (adjective) – superficial, outward, external.
intercreditor agreement (noun) – an agreement between two or more creditors agreeing in advance how their competing interests in their common borrower will be dealt with.
stressed assets (noun) – non-performing assets (NPAs); bad loans, toxic/ troubled assets; an account where principal and/or interest remains overdue for a period of time.
balance sheet (noun) – a statement that shows the financial condition of a company at a particular point in time.
consortium (noun) – syndicate, union, association (of several companies).
override (verb) – overrule, cancel, repeal.
dissenting (adjective) – disagreeing, opposing, contradicting.
short-change (verb) – cheat/swindle, defraud, deceive.
at a premium (phrase) – beyond price, above the nominal price.
Sashakt plan (noun) – a five-prong strategy towards resolution of stressed assets. ‘SASHAKT’ stands for strengthening and the whole objective was to strengthen the credit capacity, credit culture and portfolio of public sector banks.
books (noun) – records or accounts.
holdout problem (noun) – the holdout problem rises when a creditor (a person or organization to whom money is owed) that refuses the official plan to reorganize a bankrupt company. It also rises when a person or organization does not follow the generally accepted way of doing something.
persuade (verb) – convince, influence; lead/cause.
embark on (verb) – begin, start, undertake.
consensus (noun) – an idea or opinion that is shared by all the people in a group. agreement, concurrence.
deadlock (noun) – stalemate, impasse, stand-off.
obligation (noun) – necessity, responsibility, commitment.
come up with (phrasal verb) – produce, propose, put forward.
time-bound (adjective) – related to a certain moment or era in time.
quick-fire (adjective) – rapid.
arbitrary (noun) – random, unpredictable, inconsistent.
deep-discount (noun) – bonds/loans provided/sold at a substantial discount (a low interest rate than a market interest rate).
face value (noun) – market price, nominal value, par value.

Note:

Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.
Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context.
This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.