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Definition of “toxic debt” - English Dictionary

"toxic debt" in British English

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toxic debtnoun [C or U]

uk   /ˌtɒk.sɪk ˈdet/  us   /ˌtɑːk.sɪk ˈdet/
a ​debt or ​debts that have little ​chance of being ​paid back or of being ​paid back with ​interest
(Definition of toxic debt from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"toxic debt" in Business English

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toxic debtnoun [U]

uk   us   FINANCE
debt that has little chance of being ​paid back or of being ​paid back with ​interest, or an ​asset of which this is ​true: The ​trading of ​toxicdebt was one of the ​major causes of the ​financialcrisis. Banks are ​currently in no ​position to cope with more ​toxicdebt.
(Definition of toxic debt from the Cambridge Business English Dictionary © Cambridge University Press)
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