toxic debt

noun

toxic debt

noun
1

Business, Finance 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:
Related terms
toxic asset

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.