Types of Assets
An example of a market which froze is the Canadian ABCP ("asset-backed credit paper") market. The term "toxic asset" is generally associated with financial instruments like CDOs ("collatoralized debt obligations", assets generated from the resale of portions of a banks mortgages), CDS ("credit default swaps"), and the subprime mortgage market -particular the lower tranches-, but the term does not have a precise definition.
Read more about this topic: Toxic Asset
Famous quotes containing the words types of and/or types:
“... there are two types of happiness and I have chosen that of the murderers. For I am happy. There was a time when I thought I had reached the limit of distress. Beyond that limit, there is a sterile and magnificent happiness.”
—Albert Camus (1913–1960)
“If there is nothing new on the earth, still the traveler always has a resource in the skies. They are constantly turning a new page to view. The wind sets the types on this blue ground, and the inquiring may always read a new truth there.”
—Henry David Thoreau (1817–1862)