Credit tangle – The Hindu (Word List-1 To Improve Vocabulary) Mar 16 2018

March 16, 2018 Editorial Words Editorials (The Hindu), The Hindu Comments Off on Credit tangle – The Hindu (Word List-1 To Improve Vocabulary) Mar 16 2018

Credit tangle – The Hindu Mar 16 2018

A month after the ₹12,800-crore letters of undertaking (LoUs) fraud at Punjab National Bank came to light, the Reserve Bank of India has decided to….. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1 (  To improve Vocabulary)

  1. tangle (noun) – muddle, mix-up, a confused/complicated state.
  2. letters of undertaking (LoUs) (noun) – an assurance provided by one bank to another bank, in favour of or on behalf of a customer. LoUs are used by a bank’s customer to avail (benefit) short-term credit in a foreign country.
  3. omnibus (adjective) – the Latin word meaning “for all”; comprising several items.
  4. come to light (phrase) – reveal, disclose, expose.
  5. letter of comfort (noun) – a letter from a company to a bank in support of a subsidiary of the company that is asking for a loan.
  6. fire-fighting (noun) – an act of dealing problems as they come (instead of avoiding them strategically).
  7. unleash (verb) – let loose, release, set free.
  8. slip-up (noun) – mistake, error, blunder.
  9. parlance (noun) – expressions, terms, vernacular/language.
  10. buyers’ credit (noun) – the credit availed (benefitted) by an Importer (Buyer) from overseas Lenders.
  11. rely on (phrasal verb) – depend on; resort to, have recourse to.
  12. letter of credit (noun) – a document issued by a bank on behalf of a customer guaranteeing a certain payment to another party under specific conditions.
  13. delinquent (adjective) – lawbreaking; negligent, careless/irresponsible.
  14. fiasco (noun) – a complete failure, disaster; flop.
  15. amount to (verb) – develop into; become, turn out to be.
  16. in cahoots (phrase) –  colluding, conspiring, collaborating secretly.
  17. reiterate (verb) – repeat, say again, restate.
  18. take note (phrase) – pay attention, heed, follow/watch.
  19. liquidate (verb) – dissolve, terminate, break up.
  20. eloquent (adjective) – expressive, significant, meaningful.
  21. knee-jerk (adjective) – unintentional, unthinking, automatic/unplanned.
  22. vein (noun) – temperament, disposition/attitude, inclination.
  23. bona fide (adjective) – authentic, genuine, real/actual.

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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