noun
a type of asset that has experienced a significant drop in value and is difficult to sell
adjective
describing the assets as harmful or detrimental
-
The bank had to write off billions of dollars in toxic assets during the financial crisis.
-
The bank had some really bad investments, so they had to get rid of those toxic assets.
-
Man, those toxic assets really messed up the bank's balance sheet.
-
Her toxic assets were weighing her down, preventing her from moving forward in life.