The Hindu Editorial (Trust deficit) – Sep 30, 2019

It has been a nightmare of a week for thousands of customers of the Punjab and Maharashtra Co-operative Bank (PMC),… For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Trust deficit)- Sep 30, 2019.

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Today’s word list-2 for The Hindu Editorial (Trust deficit) – Sep 30, 2019:

deficit (noun) – shortfall, deficiency, shortage.
pre-empt (verb) – act in advance to prevent something (anticipated event) happening; forestall.
nightmare (noun) – very unpleasant or frightening experience; ordeal, horror, torment.
clampdown (noun) – crackdown, suppression, prevention/restriction; restraint.
distress (noun) – hardship, adversity, misfortune, bad luck/trouble.
footprint (noun) – the area affected by something.
strikingly (adverb) – noticeably, obviously/evidently, visibly.
ostensible (adjective) – apparent, seeming, alleged/purported.
virtual (adjective) – effective, near.
swimmingly (adverb) – smoothly, easily, effortlessly.
tenure (noun) – term, period, time/spell/stint.
chunk (noun) – a significant amount.
sour/bad loans (noun) – non-performing assets (NPAs), stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
ironically (adverb) – paradoxically, unexpectedly, strangely.
perturb (verb) – worry, disturb, concern.
ten-fold (adverb) – by ten times.
lest (conjunction) – just in case, for fear that, in order to avoid.
weighted (adjective) – influenced, arranged, planned (for someone’s advantage).
insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.
indictment (noun) – charge, accusation, citation.
oversight (noun) – management, administration, supervision.
mire (verb) – involve, mix up, entangle/ bog down.
demonetisation (noun) – the act of deprive currency unit (note/coin) of its status as money.
deployment (noun) – the bringing of resources into effective action.
erode (verb) – (gradually) deteriorate, destroy, spoil.
time-bound (adjective) – related to a certain moment or era in time.
systemic (adjective) – constructional, organizational, constitutional.
overhaul (noun) – thorough examination, reorganization/restructuring, rearrangement.
household (noun) – family, house.
mattress money (noun) – the uninvested savings of private individuals; money being held by the borrower in cash some place other than a bank account, and cannot be documented where it came from.