Toxic asset
id:
toxic-asset-175-17154513
title:
Toxic asset
text:
A toxic asset is a financial asset that has fallen in value significantly and for which there is no longer a functioning market. 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 financial crisis of 2007–2008, in which they played a major role. When the market for toxic assets ceases to function, it is described as "
brand slug:
wiki
category slug:
encyclopedia
description:
Assets with no value or available markets
original url:
https://en.wikipedia.org/wiki/Toxic_asset
date created:
2008-09-19T06:48:29Z
date modified:
2024-09-03T07:25:02Z
main entity:
{"identifier":"Q2734947","url":"https://www.wikidata.org/entity/Q2734947"}
image:
fields total:
13
integrity:
15