The Hindu Editorial (Central bank recap) – Nov 29, 2018

There are two important takeaways from the deposition of Reserve Bank of India Governor Urjit Patel before the Parliamentary Standing Committee on Finance on Tuesday. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Central bank recap) – Nov 29, 2018.

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Today’s word list-1 The Hindu Editorial (Central bank recap) – Nov 29, 2018:

recap (noun) – summary, synopsis, abstract/abridgement.
deposition (noun) – statement, affirmation, assertion/attestation.
detente (noun) – restoration of harmony, agreement, compromise/understanding.
takeaway (noun) – a key point/idea/fact (to be remembered).
over the hump (phrase) – on the road to recovery, getting better, making progress (from the difficult/worst part).
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.
slippage (noun) – failure to accomplish/complete a task. Fiscal slippage means the missing fiscal targets in the country’s budget.
heap (noun) – accumulation, pile, quantity/lot.
skeleton in the cupboard/closet (phrase) – (embarrassing & unpleasant) things in a person’s past that he/she wants to be (kept) hidden/disclosed.
onerous (adjective) – arduous, demanding, tough/ formidable.
hair-cut (noun) – a reduction in the mentioned value of an asset.
insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
wary (adjective) – cautious, careful, circumspect.
portfolio (noun) – a variety of products or services (investments, shares, bonds).
forge (verb) – build, form, create.
reserves (noun) – funds (resources as stock/reservoir).
nip something in the bud (phrase) – obstruct, block, stop.
preserve (noun) – department, domain, field.
gorilla/elephant in the room (phrase) – it is mostly used to refer to a serious problem — one which people are aware of, but choose to ignore. They think that if they do not talk about it, the problem will somehow go away.
cast a shadow over (phrase) – spoil, diminish, let down.
tenure (noun) – term, period, time (in office).