Toxic Waste


Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

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.
This Article suggests that African countries "shield" themselves from such practices by enacting national toxic waste trade policies instead of relying on self-interested Northern-oriented policies.
Chidambaram, though, hinted at a possibility of disposing of toxic waste lying in the defunct plant.
He said: "According to our colleagues in Brazil the waste had been exported under the guise of recyclable plastic, and from what we are told, contained hazardous and toxic waste.
PME, in collaboration with police and the governor's office, takes measures to guarantee that no toxic waste is thrown away in a manner that may harm humans or the environment," the source said.
The significance of this event resides in the fact that it highlights both the larger problem of how to deal with toxic waste and the global character of some forms of "resolving" this problem.
Toxic Waste has been launched and developed in the UK under the direction of the Trading Standards Authority and more than 53 million Toxic Waste sweets have been consumed safely around the world.
The document shows the waste was to be turned over to S&S Environmental at the Avenue L-9 property shared by both firms, where seven months earlier a search by state officials found a 5,000-gallon tanker nearly full of toxic waste.
NEW YORK -- A Catholic investment group succeeded in its 10-year effort to get General Electric to admit to spending more than $800 million in lobbying, legal, and public relations costs to delay the cleanup of its toxic waste.
Nearly 700,000 tonnes of toxic waste has gone missing after new European rules made it harder to dispose of legally, a Midland MP has warned.
Environmental Protection Agency's Superfund program, which oversees the cleanup of toxic waste sites, has relied on a trust fund to pay for so-called "orphan" sites--places where the parties potentially responsible for the pollution have gone out of business or no longer exist.