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addaword.gifdefinition of toxic assets

noun
debts that a lender, such as a bank or a mortgage company, is unlikely to be able to recover because the person or company that borrowed the money cannot afford to pay it back
Putting $700 bn of taxpayers’ money at risk buying toxic assets from reckless banks is a difficult sell to Congress and the US public
Submitted by: econgeek from Sweden on 17/02/2009 21:50:00
Definition of toxic assets from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

sandwich generation

a generation … who are balancing working life with caring for both their teenage children and elderly parents

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