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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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