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those assets which have undergone a drastic downfall in its value or donot have any value in the current market due to the changes in the econmical situation is known as toxic assets.
Such goods are normally given up at a satisfactory or even a less than satisfactory price for the asset holder as it will turn out to be a liability in the future.
Toxic assets are assets that have experienced a significant drop in value and lack an active Market where they can be sold. Toxic assets are also known as troubled assets.
