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toxicasset
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The answer TOXICASSET has 2 possible clue(s) in existing crosswords.
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The word TOXICASSET is NOT valid in any word game. (Sorry, you cannot play TOXICASSET in Scrabble, Words With Friends etc)
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Definitions of toxicasset in various dictionaries:
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Keep reading for additional results and analysis below.
Possible Crossword Clues |
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Dead weight in a portfolio |
Much-devalued holding, in modern lingo |
Last Seen in these Crosswords & Puzzles |
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Nov 25 2015 L.A. Times Daily |
Oct 29 2011 L.A. Times Daily |
Toxicasset might refer to |
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Toxic asset is a popular term for certain financial assets having values that have 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 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 "frozen". Markets for some toxic assets froze in 2007, and the problem grew much worse in the second half of 2008. Several factors contributed to the freezing of toxic asset markets. The value of the assets were very sensitive to economic conditions, and increased uncertainty in these conditions made it difficult to estimate the value of the assets. Banks and other major financial institutions were unwilling to sell the assets at significantly reduced prices, since lower prices would force them to reduce significantly their stated assets, making them, at least on paper, insolvent. * Toxic asset is euphemistically also labeled "troubled asset." |