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
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—Albert Camus (1913–1960)
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