The Hindu Editorial (New framework) – Jul 01, 2019

After introducing a new standard framework for credit rating agencies last month,… For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (New framework) – Jul 01, 2019.

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Courtesy: The Hindu

Today’s word list-2 for The Hindu Editorial (New framework) – Jul 01, 2019:

norm (noun) – standard, convention, regulation.
mutual fund (noun) – a type of investment in which investors pool their money together to buy a portfolio of stocks, bonds or other securities in order to take advantage of diversification and professional portfolio (investments, shares/securities/bonds) management at a reasonable cost.
framework (noun) – structure, scheme/system, organisation.
credit rating (noun) – an assessment of the probability of default on payment of interest and principal on a debt instrument (Courtesy: www.sebi.gov.in).
credit rating agency (CRA) (noun) – a credit rating agency is an entity which assesses the ability and willingness of the issuer company for timely payment of interest and principal on a debt instrument (Courtesy: www.sebi.gov.in)
come up with (phrasal verb) – produce, propose/put forward, submit/recommend.
stringent (adjective) – strict/stern, severe, tough/rigorous.
come under (phrasal verb) – be subjected to.
scrutiny (noun) – observation, inspection, examination.
redemption (noun) – recovery, retrieval, return.
come to grief (phrase) – fall through, fail, collapse.
roll over (phrasal verb) – manage, extend, contrive/orchestrate (a financial obligation/arrangement).
redeem (verb) – save, rescue; recover.
non-convertible debenture (NCD) (noun) – unsecured bonds that cannot be converted to company equity or stock.
debenture (noun) – a long-term debt instrument (savings bond) issued by a company to borrow money that is paid back over a long period of time and at a fixed rate of interest.
bar (verb) – block/prohibit, barricade, obstruct.
cap (noun) – limit, upper limit, ceiling.
modicum (noun) – little bit, small amount, particle.
liquidity (noun) – a measure of activity (i.e. the ability to buy or sell easily) in a market.
sectoral (adjective) – Relating to a particular part or area.
diversify (verb) – enlarge/expand, widen, branch out.
standstill (noun) – halt, stop, stand.
debt instruments (noun) – a financial asset (bonds, loans, leases and etc) that is tradable; like bonds (government or corporate) and mortgages.
standstill agreement (noun) – it refers to various forms of agreement which businesses may enter into in order to delay action which might otherwise take place.
mark-to-market (MTM) (noun) – the reasonable value of an account that can vary over a period depending on assets and liabilities. Mark-to-market provides a realistic estimate of a financial situation (Courtesy: The Economic Times).
reflect (verb) – indicate, show/display, reveal.
commendable (adjective) – admirable, praiseworthy, laudable.
unintended (adjective) – careless, neglectful, ill-advised.
watching (noun) – supervision, observation, scrutiny/surveillance.
exit load (noun) – a fee or an amount charged from an investor for exiting or leaving a scheme or the company as an investor. (Mutual funds companies collect an amount from investors when they join or leave a scheme. This fee charged is generally referred to as a ‘load’).
hinder (verb) – obstruct, impede, inhibit.
bond market (noun) – debt market; the market where debt instruments (like bonds (government or corporate) and mortgages) are traded.
quite (adverb) – completely, fully, entirely.
discipline (verb) – punish, penalize, take disciplinary action against.
intermediary (noun) – mediator, conciliator, arbitrator.
ripple effect (noun) – the continuing and spreading results of an event/action repeatedly.
default (noun) – non-payment, failure to pay, non-remittance.
roll-over (noun) – the extension/transfer of a financial arrangement.
perspective (noun) – view/outlook, aspect, approach.