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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 toxic debt was one of the major causes of the financial crisis. Banks are currently in no position to cope with more toxic debt.
(Definition of toxic debt from the Cambridge Business English Dictionary © Cambridge University Press)
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