The Hindu Editorial (No easy solutions) – Jun 11, 2018

Union Minister Piyush Goyal, currently in charge of the Finance Ministry, has announced the formation of a committee to assess the idea of special asset reconstruction companies or… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (No easy solutions) – Jun 11, 2018.

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Today’s word list-1 for The Hindu Editorial (No easy solutions) – Jun 11, 2018:

non-performing assets (NPAs) (noun) – bad loans, toxic/ troubled assets; stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
magic bullet (noun) – solution, answer; nostrum/remedy.
take over (phrasal verb) – take control of.
festering (adjective) – septic; relating to a problem which is becoming worse or more intense due to long time negligence.
over-leveraged (adjective) – relating to a firm which has taken on too much debt.
cagey (adjective) – non-committal, tight-lipped; careful/wary.
overhang (noun) – a situation which is lingering, indecisive and it is also having (a negative effect).
dent (verb) – diminish, reduce, weaken.
balance sheet (noun) – a statement that shows the financial condition of a company at a particular point in time.
entail (verb) – cause, result in, effect/involve.
write down (noun) – a reduction in the calculated/estimated value of something (the book value of an asset).
leave (out) in the cold (phrase) – ignore; neglect, forgot.
envisage (verb) – foresee, predict, forecast.
deploy (verb) – use, utilize, employ.
underlying asset (noun) – the asset on which the price of a derivative depends. derivatives (noun) – derivatives are financial instruments whose value is derived from the value of an underlying asset (such as gold, wheat or other commodities) or other financial instruments including bonds, or market benchmarks such as interest rates.
window-dressing (noun) – an act of presenting something outwardly attractive to get favourable impression.
sluggish (adjective) – slow, inactive, stagnant (to make progress).
witch-hunt (noun) – an investigation to find & punish people with unpopular views/opinions and not because of they have done something wrong.
demonstrable (adjective) – evident, proven, clear/obvious.
wilful defaulter (noun) – a person who is purposefully not repaying banks/lenders’ debt on time for various reasons.
ail (verb) – trouble, bother, burden.
insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.

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.