Debt which has little chance of being paid back of or repaid with interest. A specific debt is considered a toxic debt either when default rates for a certain debt are in double digits, more debt is incurred than what can be repaid, or the interest rates are subject to discretionary changes. Toxic debts can harm an individual or institution.
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|12:00||Bundesbank Monthly Report|
|18:45||FOMC Member James Bullard Speaks|
|23:00||Westpac Consumer Confidence||2 quarter|
|02:00||RBA Governor Philip Lowe Speaks|
|03:30||Monetary Policy Meeting Minutes|
|10:00||Current Account (sa)||Apr|
|12:00||CBI industrial order books balance||Jun|