What is another word for toxic debt?
Pronunciation: [tˈɒksɪk dˈɛt] (IPA) 
Toxic debt, also known as bad debt, refers to loans or securities that are now highly risky and likely to default. This term gained popularity during the 2008 financial crisis that exposed toxic debts as a major cause of the economic collapse. Other synonyms for toxic debt are dubious debt, junk debt, and risky debt. Dubious debt refers to financial obligations with suspicious or questionable characteristics. Junk debt denotes low-rated bonds or loans that have high default risks. Risky debt, on the other hand, is a generic term used to describe loans and securities that are not guaranteed or predictable and can lead to big losses.
