1. Mutilated note
• It means a note of which a portion is missing or which is composed of more than two pieces.
Usage: Mutilated notes may be presented at any of the bank branches.
2. Imperfect Note
• It means any note, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated note.
3. Mismatched note
• It means a mutilated note which has been formed by joining a half note of any one note to a half note of another note.
4. Soiled note
• It means a note which, has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note, and form the entire note.
5. Guillotine
• a) The guillotine was a death penalty machine used to behead people convicted of crimes, and it was basically a giant blade that slid down and sliced through a person’s neck, their head falling into a basket below.
Usage: More than two centuries after her death by guillotine, Marie Antoinette remains one of the most reviled names in history, the epitome of heartless elitism run amok.
• b) Parliament has very limited time for scrutinising the expenditure demands of all the Ministries. So, once the prescribed period for the discussion on Demands for Grants is over, the Speaker of Lok Sabha puts all the outstanding Demands for Grants, Whether discussed or not, to the vote of the House. Basically it is a closure imposed on the debate of specific sections of a bill. This process is popularly known as ‘Guillotine’.
Usage: Lord Fowler also argues that the House of Lords does not get the credit for the “fantastic work” that it does, citing the fact that many debates in the Commons are cut short, or “guillotined”.
6. Double Taxation Avoidance Agreement (DTAA)
• It is a tax treaty signed between two or more countries. Its key objective is that tax-payers in these countries can avoid being taxed twice for the same income. It applies in cases where a tax-payer
7. Amortization
• It is the reduction of an amount or the value of an asset at regular intervals over a certain time period. It mainly refers to the reduction of debt by regular payment of loan instalments during the life of a loan. It also describes the accounting process of writing off an intangible asset.
Usage: Last month, Mr. Claure told employees that the company hoped to be profitable before interest payments, taxes, depreciation and amortization by 2021.
8. Veer
• Change direction suddenly.
Usage: The train cuts west across Berlin and then veers north.
9. Impish
• Inclined to do slightly naughty things for fun; mischievous.
Usage: He had an impish look about him.
10. Tumult
• A state of confusion or disorder.
Usage: The whole neighbourhood was in a state of fear and tumult.
