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Prudence amid uncertainty – The Hindu (Feb 10, 2017)

Editorial Words

Prudence amid uncertainty – The Hindu (Feb 10, 2017)

For the first time in six meetings this fiscal, the Reserve Bank of India has shifted its policy poise, moving to ‘neutral’ from an ‘accommodative’ stance….. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1:

  1. prudence (noun) – cautiousness, carefulness, canniness.
  2. poise (noun) – balance, equilibrium; assurance.
  3. sit pat (phrase) – stick firmly to a decision/opinion.
  4. transitory (adjective) – temporary, short-lived, short-term.
  5. inflation (noun) – increase of price level of goods & services & vice versa decrease of currency value.
  6. output gap / GDP gap (noun) –  it is the difference between actual GDP or actual output and potential GDP (Courtesy: Wikipedia).
  7. undergird (verb) – provide a support/basis.
  8. premise (noun) – proposition, assumption, belief/thought.
  9. endure (verb) – last, continue, prevail/persist.
  10. unyielding (adjective) – stiff, inflexible, firm.
  11. stickiness (noun) – a situation in which nominal price/cost of something is resistant to change.
  12. reckon (verb) – believe, think; expect.
  13. persistence (noun) – stability, endurance, continuity.
  14. headline inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices (e.g., oil and gas) (Courtesy: Wikipedia).
  15. second-order effect (noun) – something which triggers change in approximate/ballpark value (first order) to make it more accurate.(in 4.5%, 4 is the first order and 0.5 is the second order).
  16. volatility (noun) – likely to change in a very sudden or extreme way.
  17. wear off (phrasal verb) – dwindle, diminish/decrease, weaken.
  18. perishables (noun) – things, especially foods, likely to decay quickly.
  19. rebound (verb) – recover, bounce back, pick up (after decline).
  20. plump for (verb) – choose, select, decide on.

Note:

  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.
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