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 ?
Contacted by Gulf News, Corporate Communications Manager Siony Flores of the Philippine Ports Authority said some of the shipping containers containing toxic wastes have been sent already from the Port of Manila to in Cabuyao in Laguna south of Metro Manila and to the Clarkfreeport in Central Luzon.
There are other chemical methods of destroying toxic waste that don't involve burning."
Under the 1989 Basel Convention, which the Philippines signed in 1993 and Canada in 1992, "illegal traffic" of hazardous wastes is defined as transboundary movement of toxic waste without consent of state concerned or if consent was obtained by falsification, misrepresentation, or fraud.
"If the EPA allows the companies leave their toxic wastes in the river, taxpayers will pay a huge bill when hurricanes inevitably hit our area," Jackie Young, an environmental geologist with Texans Together, stated in the release.
"Our research shows that chemical pollutants from toxic waste sites are insufficiently studied in lower and middle income countries and that disease and death caused by these chemicals can contribute to loss of life," said Dr.
"Toxic waste can only be kept on site at a plant for six months provided that plant authorities take the necessary environmental precautions, and the waste should be moved to disposal centers at the end of the period stated by law.
As much as 350 tonnes of toxic waste is lying at Union Carbide's defunct Bhopal premises
About 346 MT toxic waste is lying within the premises of the erstwhile M/s Union Carbide India Ltd (UCIL) at Bhopal.
It argues that such regulation is fundamental in the struggle for environmental justice on the "dark continent." Section II of this Article considers the historical background of environmental justice and provides various definitions of that term in an attempt to adopt one that encapsulates the toxic waste trade.
A Dutch court has fined an oil trading company $1.28m for exporting toxic waste to the Ivory Coast, and concealing the dangerous nature of the material.
And then to compound the problem by burning toxic waste creating dangerous fumes shows a total lack of respect or care for fellow citizens or indeed for their own health.
London meeting over toxic waste burning COUNCIL leaders were due to meet with MPs in London to discuss the burning issue of toxic waste incineration.