The Hindu Editorial (From Ithaca) – Aug 23, 2018

The Hindu Editorial (From Ithaca) – Aug 23, 2018

On Tuesday, Greek Prime Minister Alexis Tsipras chose Ithaca, home to Odysseus, the protagonist of Homer’s epic,… For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (From Ithaca) – Aug 23, 2018.

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Today’s word list-2 for The Hindu Editorial (From Ithaca) – Aug 23, 2018:

bailout (noun) – an act of providing financial help/support by the outside investors to a bank/institution which faces serious financial difficulty.
bail-in (noun) – a way of helping a bank or other institution in financial difficulty, in which people/creditors of the bank to bear some of the burden by cancelling a part of the debt they are owed.
chip in (phrasal verb) – contribute, give, make a contribution.
protagonist (noun) – chief participant, mainstay; supporter/upholder.
at sea (phrase) – confused, perplexed, baffled.
odyssey (proper noun) – quest, crusade, journey/voyage.
troika (noun) – a group of three (people, institutions, countries and etc,.).
retrieve (verb) – restore, resolve; recover/regain.
brink (noun) – edge/verge/end (of something).
austerity (noun) – financial distress, deprivation, destitution/poverty.
shrunk (past participle of shrink) (verb) – lessen, reduce, decrease.
far from (phrase) – not, not at all, nowhere near.
staggering (adjective) – shocking, astonishing.
strife (noun) – disruption, trouble, difficulty.
constrain (verb) – restrict, curb, restrain.
pay off (phrasal verb) – pay in full, pay, settle.
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
balance sheet (noun) – a statement that shows the financial condition of a company at a particular point in time.
tax burden (noun) – tax incidence/burden falls on the public.
eurozone (adjective) – relating to the European Union (EU) member states which have adopted the euro (€) as their common currency.
bleaker comparative adjective of bleak (adjective) – unpromising, unfavourable, disadvantageous.
debt trap (noun) – a situation which causes a damaging cycle of borrowing when someone cannot repay their debts on schedule.
onerous (adjective) – arduous, punishing, heavy/ burdensome.
imply (verb) – suggest, hint, say indirectly.

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.