Toxic Waste


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Toxic Waste

Informal for an illiquid or otherwise unattractive security. The term most often applies to a few collateralized mortgage obligations in which only the most risky mortgages are the underlying assets. Toxic waste is illiquid, but its existence makes other CMOs more liquid because it enables them to represent less risky mortgages.
References in periodicals archive ?
The day before his arrest, on national television, he said that toxic waste was scattered all across Lebanon.
Euzemre asserted that when he did not accept the German firm's proposal, stating that he "would not let Turkey turn into a nuclear landfill," the firm told him that the toxic waste would be buried in Turkey one way or another.
The port authorities reclassified the tank contents as toxic waste and then instructed the ship's captain to take the waste to a special facility and dispose of it, at a cost of $650,000;
Thus, Cranfield's technology eliminates the need for transporting toxic waste around the country - a potential further hazard.
This said that toxic waste could only be taken to specialist landfill sites.
companies who voluntarily clean up a toxic waste site cannot then sue another company as a potentially responsible party unless the first company is the subject themselves of a lawsuit.
He said new EU environmental rules meant the number of sites available for disposing of toxic waste in England and Wales would be reduced from 250 to five and none of these sites were in Wales.
They are the ones who face living, working and raising children as the toxic waste is burned.
Cleanaway Ltd, which operates a toxic waste incinerator at Bridge Street,in Ellesmere Port, was convicted at Chester Crown Court of failing to take reasonable steps to protect two maintenance workers.
Peter Goodwin of Teesside's Impact Campaign Group, which is concerned over the effects of industry on communities, said: "This area already has more than enough toxic waste without importing it from the US.
Legislation that would reinstate a tax on the chemical and oil industries to pay for the cleanup of toxic waste sites has been introduced in both the U.
Toxin handlers" may bring to mind images of workers in spacesuits handling toxic waste, but as Peter J.