The Hindu Editorial (No more leeway) – Apr 29, 2019

The Reserve Bank of India has been given a “last opportunity” by the Supreme Court to stop being in “contempt” of the court’s clear and unambiguous order of December 2015. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (No more leeway) – Apr 29, 2019.

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Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (No more leeway) – Apr 29, 2019:

leeway (noun) – freedom, scope/flexibility, latitude/elbow room.
reluctance (noun) – unwillingness, disinclination, hesitation.
furnish (verb) – provide, provision, supply.
wilful (adjective) – deliberate, intentional, purposeful.
willful defaulter (noun) – a person who is (purposefully) not repaying banks/lenders’ debt on time for various reasons.
transparency (noun) – clarity, straightforwardness, openness.
contempt (noun) – “contempt of court” often referred to simply as “contempt”, is the offense of being disobedient to or disrespectful toward a court of law and its officers in the form of behavior that opposes or defies the authority, justice and dignity of the court.
unambiguous (adjective) – unarguable, beyond doubt/question, unquestionable.
exempt (verb) – free from, release, exclude.
on the ground (phrase) – in a situation/place where things are happening really/practically.
have a bearing on (phrase) – have a relevance/relation to something.
stonewall (verb) – obstruct, restrain, block.
mark-to-market (MTM) (noun) – the reasonable value of an account that can vary over a period depending on assets and liabilities. Mark-to-market provides a realistic estimate of a financial situation (Courtesy: The Economic Times).
currency derivatives (noun) – currency derivatives are exchange-based futures and options contracts that allow one to hedge against currency movements. Simply put, one can use a currency future contract to exchange one currency for an another at a future date at a price decided on the day of the purchase of the contract. In India, one can use such derivative contracts to hedge against currencies like dollar, euro, U.K. pound and yen. Corporates, especially those with a significant exposure to imports or exports, use these contracts to hedge against their exposure to a certain currency. (Courtesy: The Hindu).
defiance (noun) – non-compliance, disobedience; resistance.
tick off (phrasal verb) – criticize, reprimand, rebuke.
uphold (verb) – preserve, protect; justify/vindicate.
fulfil (verb) – comply with, satisfy, adhere to.
statutory (adjective) – legitimate, permissible, admissible.
privilege (verb) – exempt (someone) from a liability or obligation.
obligation (noun) – duty, commitment, responsibility.
sour/bad loans (noun) – non-performing assets (NPAs), stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
capital to risk-weighted assets ratio (CRAR) (noun) – also known as Capital Adequacy Ratio (CAR). It is the ratio of a bank’s capital to its risk.
inexcusable (adjective) – indefensible, unjustifiable, unwarrantable.
in the dark (phrase) – unaware of, ignorant of, uninformed about.
endanger (verb) – imperil, jeopardize, risk.
viability (noun) – ability to survive/function successfully.
slide (verb) – fall, decline, drop.
tire of (verb) – become tired, get tired, become fatigued, weaken.
stress (verb) – emphasize, draw attention to, underline.
accountability (noun) – responsibility, liability, answerability.
perplex (verb) – puzzle, confuse, bewilder.
reserve (verb) – postpone, put off, delay/defer (a judgement or decision).
withhold (verb) – stop, desist/abstain, hold back.
expressly (adverb) – absolutely, clearly, directly.
aptly (adverb) – suitably, perfectly/rightly, smartly.
intransigence (noun) – refusal to change opinions/views or agree/compromise something.
undermine (verb) – weaken, spoil, damage.
empower (verb) – authorize, allow, entitle.