The Hindu Editorial (Time after time) – May 23, 2020

The RBI has once again stepped up to the plate at the right time with measures that will reduce the cost of capital and ease the financial burden… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Time after time) – May 23, 2020.

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Today’s word list-1 for The Hindu Editorial (Time after time) – May 23, 2020

time after time (phrase) – again and again, frequently, often, repeatedly.
repo rate (noun) – it is the rate at which the central bank of a country (RBI in case of India) lends money to commercial banks in the event of any shortfall of funds.
play out one’s hand/card (phrase) – to carry out one’s plans; take action (according to the situation).
step up to the plate (phrase) – to take action when needed, to rise to the occasion, to take responsibility, to accept the challenge.
cost of capital (noun) – cost of capital is the amount of return that a firm must garner/collect on its project investments to maintain its market value and attract funds.
lockdown (noun) – an emergency protocol implemented by the authorities that prevents people from leaving from a place; An extended state of confinement/encirclement/isolation of a person by the authority.
basis point (BPS) (noun) – a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% (1/100th of a percent). Used for measuring change in interest rate/yield.
shave off ( phrasal verb) – cut off, reduce, decrease, lesson.
bring down (phrasal verb) – decrease, reduce, lower.
reverse repo rate (noun) – it is the rate at which the central bank of a country (RBI in case of India) borrows money from commercial banks within the country.
rate cut (noun) – a decision by a central bank (like RBI in India) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
prudence (noun) – cautiousness, carefulness, good judgement/management.
dictate (verb) – determine, decide, affect, control.
reserve (noun) – retain, hold, keep, secure, put aside (for future use).
leverage (noun) – grip, purchase, hold/control (on the use of various measures).
deteriorate (verb) – decline, degenerate, degrade.
nadir (noun) – the lowest point, the all-time low, the lowest level.
on the anvil (phrase) – in a state/condition of discussion (not implemented); being discussed or prepared but is not yet ready.
point in time (phrase) – a particular moment.
a pat on the back (phrase) – praise someone.
moratorium (noun) – a temporary suspension of an activity; embargo, ban, prohibition.
measure (noun) – step, course of action, plan, procedure.
avail (verb) – use, utilize, take advantage of (an opportunity/resources).
take to (phrasal verb) – resort to, turn to, have recourse to, start.
going forward (phrase) – in the future.
shambles (noun) – complete mess, disorder/disarray, disorganization.
disburse (verb) – pay out, give, spend/expend.
empathy (noun) – compassion, sympathy, feeling.
accumulated interest (noun) – it means all the accrued/accumulated and unpaid interest on the loan principal or capital loans.
term loan (noun) – a monetary loan that is repaid in regular payments over a set period of time.
fiscal (year) (noun) – financial year.
daunting (adjective) – intimidating, challenging, disconcerting/unsettling.
prospect (noun) – task.
pay up (phrasal verb) – pay something (dues) in full.
in one shot (phrase) – a situation where you only have one chance to do something.
crank up (phrasal verb) – increase, make larger, enlarge/expand, raise.
put off (phrasal verb) – postpone, delay, defer, hold off.
find oneself (verb) – discover oneself, realize oneself, recognize oneself.
exposure (noun) – (in banking) exposure means the total maximum business (loans, debt, etc) that a bank can do with a particular individual/single party/company. The group exposure means the total maximum business that a bank can do with a group of connected companies.
handicap (noun) – impede, hinder, obstruct.
relax (verb) – less strict, lessen, moderate, ease.
extent (noun) – magnitude, size/scale, degree.
(financial) distress (noun) – (financial) hardship, difficulty, trouble/burden, misfortune.