Equity in debt – The Hindu (April 19, 2017)

Equity in debt – The Hindu (April 19, 2017)

The advice of the expert committee to review the Fiscal Responsibility and Budget Management (FRBM) Act of 2003 requires attention, given India’s track record…. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-2:

1. equity (noun) – value, net worth; owned capital.
2. debt (noun) – liability, financial obligation, borrowed capital.
3. fiscal responsibility (noun) – the act of creating, optimizing and maintaining a balanced budget.
4. timely (adverb) – opportune, well timed, at the right time.
5. born-again (adjective) – relating to returning to a newly proposed idea/belief with dedication.
6. conviction (noun) – belief, opinion, view.
7. largesse (noun) – generosity, liberality, bountifulness.
8. unsustainable (adjective) – undefendable, insupportable, unjustified.
9. perverse (adjective) – awkward, contrary; illogical, irrational.
10. entail (verb) – cause/produce, generate, prompt.
11. crowd out (phrasal verb) – oust, overthrow, remove.
12. inflation (noun) – increase of price level of goods & services & vice versa decrease of currency value.
13. tailspin (noun) – increasing chaos, disruption, panic.
14. brink (noun) – verge, edge, crucial/critical point (beyond which something else (good/bad) will happen).
15. default (noun) – non-payment, failure to pay, non-remittance.
16. liberalisation (noun) – removal or loosening of restrictions on something, typically an economic or political system.
17. fiscal deficit (noun) – the difference between total expenditure and total income of the government.
18. fiscal stimulus (noun) – Government measures, normally involving increased public spending and lower taxation, aimed at giving a positive jolt to economic activity (Courtesy: Financial Times).
19. fiscal space (noun) – it is the flexibility of a government in its spending choices, and, more generally, to the financial well-being of a government (Courtesy: Wikipedia).
20. forthwith (adverb) – immediately, right away; without delay.
21. pragmatic (adjective) – empirical, real/realistic, actual/practical.
22. unanticipated (adjective) – unforeseen, unpredicted, out of the blue.
23. pare (verb) – reduce, lower, decrease.
24. cumulative (adjective) – increasing, accumulative; collective, aggregate.
25. solvency (noun) – ability to pay one’s debts.
26. put paid to ( phrasal verb) – stop/destroy, forestall, thwart.
27. in tandem (phrase) – along side each other.
28. macroeconomic stability (noun) – it describes a national economy that has minimized vulnerability to external shocks, which in turn increases its prospects for sustained growth (Courtesy: The Ruet Institute).
29. swiftly (adverb) – quickly, rapidly, fast.
30. sit in (phrasal verb) – observe, watch, attend.
31. clamour (noun) – demands, calls; protests.
32. loan waiver (noun) – it is the waiving of the real or potential liability of the person or party who has taken out a loan through the voluntary action of the person or party who has made the loan (Courtesy: Wikipedia).

Notes:

1. 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/.

2. 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. Use it with the corresponding article published on the source (website) via the link provided. 

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.