English

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Noun

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toxic debt (countable and uncountable, plural toxic debts)

  1. (finance) Debt that is acquired through normal financial transactions which later proves to have little or no actual value.
    • 2005 February 15, Anthony Hilton, “Debt Game's Winners and Losers”, in Evening Standard[1]:
      This means the providers of the funds are basically swapping good, solid cash for potentially toxic debt.
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