0 a debt or debts that have little chance of being paid back or of being paid back with interest --
1 debt that has little chance of being paid back or of being paid back with interest, or an asset of which this is true: --
He describes a potential free market solution of simply shuffling severely affected banks through organized bankruptcies to write off toxic debts.
Many feel this was a crucial contributor to the toxic debt-instrument environment that led to the financial downturn.
