toxic debt en · NOUN
Meanings
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(countable, uncountable) Debt that is acquired through normal financial transactions which later proves to have little or no actual value.
This means the providers of the funds are basically swapping good, solid cash for potentially toxic debt.
2005 February 15, Anthony Hilton, “Debt Game's Winners and Losers”, in Evening Standard:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| toxic debts | Number=Plur | lexicographic |