toxic debt
money owed to someone that is unlikely to be repaid
TRANSLATION
toxic debt = faule Kredite, notleidende Kredite --- GOOGLE INDEX toxic debt: approximately 300,000 Google hits
STATISTICS
IN THE PRESS
"New measures to insure banks against losses from TOXIC DEBT means that there should be no more excuses for a failure to lend."
(BBC News)
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Nigeria to Buy $14.6 Billion of TOXIC DEBT
(Bloomberg - News Headline)
(BBC News)
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Nigeria to Buy $14.6 Billion of TOXIC DEBT
(Bloomberg - News Headline)
Did you
know?
toxic debt
noun phrase
- debt that has a lower chance of being repaid with interest
(Investopedia)
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The financial sense of toxic describes debts which are unlikely to be repaid and assets suddenly found to be worthless. Toxic debt was one of the key factors that triggered the 2008 financial crisis.
This event came about when several important financial institutions in the U.S. (and other countries) discovered that the debt which they had previously purchased on the market was of little or no value. This in turn set off a chain of events that made the global financial markets very unstable.
Toxic has been used metaphorically to describe something very bad or harmful since the late 20th century (The scandal could be politically toxic), and the specific financial sense is first recorded around 1990. Before that though, risky stocks and bonds were referred to as toxic waste — they are dangerous to (financial) health and very difficult to dispose of. (adapted from the Oxford Dictionary)
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SMUGGLE OWAD into today's conversation
"Beware of investing money in financial institutions holding toxic debt."
noun phrase
- debt that has a lower chance of being repaid with interest
(Investopedia)
---
The financial sense of toxic describes debts which are unlikely to be repaid and assets suddenly found to be worthless. Toxic debt was one of the key factors that triggered the 2008 financial crisis.
This event came about when several important financial institutions in the U.S. (and other countries) discovered that the debt which they had previously purchased on the market was of little or no value. This in turn set off a chain of events that made the global financial markets very unstable.
Toxic has been used metaphorically to describe something very bad or harmful since the late 20th century (The scandal could be politically toxic), and the specific financial sense is first recorded around 1990. Before that though, risky stocks and bonds were referred to as toxic waste — they are dangerous to (financial) health and very difficult to dispose of. (adapted from the Oxford Dictionary)
---
SMUGGLE OWAD into today's conversation
"Beware of investing money in financial institutions holding toxic debt."
