The Hindu Editorial (Compound conundrum) – Oct 28, 2020

Editorial Words

4 years ago

The Hindu Editorial (Compound conundrum) – Oct 28, 2020

The Centre’s scheme to bear the difference between the compound interest and simple interest on retail and MSME loans… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Compound conundrum) – Oct 28, 2020.

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Today’s word list-1 for The Hindu Editorial (Compound conundrum) – Oct 28, 2020:

compound (adjective) – complex.
conundrum (noun) – problem, difficulty, quandary/dilemma.
waiver (noun) – deferral, rejection, renunciation (with no stipulations/restrictions).
bear (verb) – prop up, support, shoulder, absorb.
compound interest (noun) – compound interest refers to interest calculated on principal and the interest accumulated. It can thus be regarded as “interest on interest”.
simple interest (noun) – simple interest refers to interest calculated on principal (amount of a loan) only.
avail (verb) – use, utilize, take advantage of (an opportunity/resources).
aggregate (adjective) – total, combined, whole.
outstanding (adjective) – unpaid, unsettled, overdue.
borrowing (noun) – an act of receiving money from another party with the agreement that the money will be repaid with interest; an act of accepting a loan.
not a day/moment too soon (phrase) – almost too late, at the critical moment, just in time.
spell out (phrasal verb) – explain, make clear, elucidate/clarify.
spur (verb) – motivate, stimulate, encourage, urge, galvanize.
admonition (noun) – warning, caution, caveat.
expedite (verb) – accelerate, hasten, speed up, quicken.
pointedly (adverb) – directly, unambiguously, unquestionably.
reference (verb) – mention, refer to.
festival of lights (phrase) – another term for Diwali/Deepavali.
in someone’s hands (phrase) – if something is in someone’s hands, they are responsible for it.
end up (phrasal verb) – come/appear, find oneself (to a particular course of action in the end).
non-banking financial company (NBFC) (noun) – a company incorporated under the Companies Act 2013 or 1956 which is engaged in the business of loans and advances, acquisition of stocks, equities, debt etc issued by the government or any local authority. The main objective of this type of a company is to accept deposits under any scheme or manner.
credit (verb) – add (an amount of money) to an account.
have one’s work/task cut out (phrase) – be dealt with a difficult task.
pick out (phrasal verb) – choose, select, single out, hand-pick.
consumer durables (noun) – manufactured products/goods (such as TV, fridge, AC, motorbike, car & etc) which last for an extended period of time.
non-performing assets (NPAs) (noun) – bad loans, troubled accounts, stressed loans; an account where principal and/or interest remains overdue for a period of time.
ex gratia (adjective) – Latin, literally ‘from favour’. An ex gratia payment is one that is given as a favour or gift instead of legal obligation/liability.
seek (verb) – try, attempt, aim.
equity (noun) – fairness, justness, justice.
moratorium (noun) – a temporary suspension of an activity; embargo, ban, prohibition.
evoke (verb) – invoke, give rise to, bring forth, bring to mind.
disquiet (noun) – uneasiness, agitation, restlessness, distress/concern.
notwithstanding (adverb) – nevertheless, nonetheless; in spite of, despite, regardless of.
pandemic (noun) – the worldwide spread of a new disease; The illness spreads around the world and typically affects a large number of people across a wide area.
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.
stand to (phrasal verb) – be in a position, be ready (where one is likely to do something).
given (preposition) – considering, taking into account, bearing in mind.
hardship (noun) – financial distress, suffering, affliction, trouble, torment, misfortune.
endure (verb) – suffer, tolerate, bear; go through, experience.
regulatory (adjective) – governmental, supervisory, organizational, controlling.
woes (noun) – trouble, difficulty, problem.
substantial (adjective) – considerable, significant.
categorise (verb) – class, group, list.
fiscal (adjective) – financial.
accrue (verb) – accumulate, collect, increase, augment, be added.
enterprise (noun) – company, firm, organization.
viable (adjective) – manageable, feasible, effective.
resume (verb) – restart, recommence, begin again, start again.
succour (noun) – aid/help/support, assistance, relief (during difficulty).
vulnerable (adjective) – relating to a weak/neglected person who is in need of special care/support; at risk, unsafe, unprotected.
moral hazard (noun) – In economics, moral hazard occurs when an entity has an incentive to increase its exposure to risk because it does not bear the full costs of that risk. For example, when a corporation is insured, it may take on higher risk knowing that its insurance will pay the associated costs.
well-heeled (adjective) – wealthy, rich, affluent.
all eyes are on (phrase) – used to mention that a particular person/thing is presently the focus of public interest/common concern among citizens.