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单词 Toxic asset
释义

Toxic asset

英语百科

Toxic asset

Toxic asset is a popular term for certain financial assets whose value has fallen significantly and for which there is no longer a functioning market, so that such assets cannot be sold at a price satisfactory to the holder. Because assets are offset against liabilities and frequently leveraged, this decline in price may be quite dangerous to the holder. The term became common during the Late-2000s financial crisis, in which they played a major role.

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