The Hindu Editorial (Striking a balance) – Jun 11, 2019

The efforts of the Reserve Bank of India to clean up the non-performing loans mess in the banking system… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Striking a balance) – Jun 11, 2019.

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 (Striking a balance) – Jun 11, 2019:

strike a balance (phrase) – find a fair & reasonable line of action between two contrasting things.
stressed assets (noun) – non-performing loans NPAs/assets, bad loans, troubled accounts, stressed loans; an account where principal and/or interest remains overdue for a period of time.
nuanced (adjective) – delicate, subtle, accurate.
noteworthy (adjective) – significant, notable, important.
clean up (phrasal verb) – restore, fix, overhaul/revamp.
setback (noun) – problem, difficulty, issue.
shoot down (phrasal verb) – reject/refuse, disapprove, overthrow/overturn.
ultra vires (noun) – Latin, literally ‘beyond the powers’.
prudential (adjective) – showing care and forethought, especially in business.
accommodate (verb) – help/assist, serve; adjust/attune.
objective (noun) – aim, intention, purpose.
stricken (adjective) – affected, afflicted, troubled.
elbow room (noun) – scope, freedom, margin.
draw up (phrasal verb) – prepare, formulate, arrange.
resort to (verb) – use, utilize, turn to.
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.
default (noun) – non-payment, failure to pay, non-remittance.
defaulter (noun) – a person who is (purposefully) not repaying banks/lenders’ debt on time for various reasons.
insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
mandatory (adjective) – necessary, compulsory, binding.
dissenting (adjective) – disagreeing, objecting, differing/opposing.
liquidation (noun) – conversion of assets into cash by selling them (to pay debts).
floor (noun) – a large trading centre/hall (in the Stock Exchange).
disincentive (noun) – deterrent, discouragement, check/restraint.
provision (noun) – financial arrangements for future use; precautionary measures.
stick (noun) – a threat of punishment or unwelcome measures.
carrot-and-stick (adjective) – a policy approach that offers both a reward and threat of punishment.
write back (phrasal verb) – (in finance) adding an amount to a provision (for doubtful/bad debts) which is made against the revenue generated in the said accounting period (and that reduces the value of an asset to offset a loss or expense).
claw back (phrasal verb) – retrieve, retake, reclaim.
truant (adjective) – relating to a student who is an absentee/non-attender and stays away from the school.
discipline (verb) – punish, penalize, take disciplinary action against.
graduate to (verb) – progress, advance, proceed/develop.
wield (verb) – exercise, exert, hold.
evergreening (noun) – (in finance) a practice of providing a new loan in order to service a remaining/pending debt.
push under the carpet (phrase) – cover up, hide, conceal/ignore (some problem or difficulty).
uphold (verb) – preserve, protect; justify/vindicate.
draw on (phrasal verb) – make use of, exploit, use/utilize.
ail (verb) – trouble, bother, burden.
get bogged down (phrasal verb) – prevent, entangle, restrict/be stuck.
high-profile (adjective) – most important, unavoidable, attacking much public attention.
optics (noun) – (typically in a political situation) the way in which an event is recognized by the public.
subvert (verb) – undermine, unsettle, distort,
plug (verb) – stop, close, block/bar.
negate (verb) – nullify, make ineffective; deny/reject.
put off (verb) – postpone, defer, delay.