Did you know?

Click any word in a definition or example to find the entry for that word

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

dark pool

a method of financial trading in which share prices are hidden and not openly available to the public

BuzzWord Article

Blog

A must for anyone with an interest in the changing face of language. The Macmillan Dictionary blog explores English as it is spoken around the world today.

global English and language change from our blog

Word of the Day

alms

money, food, or clothes given to poor people