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toxic waste

 

A slang term referring to securities that are unattractive due to certain underlying provisions or risks making them generally illiquid with poor pricing schemes and transparency.

Investopedia Says:
Mainly used in reference to CMOs, toxic waste represents the small portion of these products that are byproducts created as a result of providing the majority of CMOs with minimal risk. In effect, this small portion of byproducts is used as outlets for transferring a substantial portion of the underlying risks involved in making the obligations and then marketed to investors.

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Dental Dictionary: toxic waste
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n

Refuse material that may be poisonous.

 
Columbia Encyclopedia: toxic waste
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toxic waste is waste material, often in chemical form, that can cause death or injury to living creatures. It usually is the product of industry or commerce, but comes also from residential use, agriculture, the military, medical facilities, radioactive sources, and light industry, such as dry cleaning establishments. The term is often used interchangeably with "hazardous waste," or discarded material that can pose a long-term risk to health or environment. Toxics can be released into air, water, or land. In 1976 the Toxic Substances Control Act required the Environmental Protection Agency to regulate potentially hazardous industrial chemicals, including halogenated fluorocarbons, dioxin, asbestos, polychlorinated biphenyls (PCBs), and vinyl chloride. Other federal legislation pertaining to hazardous wastes includes the Atomic Energy Act (1954), the Resource Conservation and Recovery Act (1976), and the Comprehensive Environmental Response, Compensation, and Liability Act, or Superfund Act (1986). Toxic waste treatment and control has proved to be expensive and time-consuming with more resources spent on court battles than on actual cleanup. The disposal of toxic wastes is also a topic of international concern. In 1989, some 50 countries signed a treaty aimed at regulating the international shipment of toxic wastes. In some cases such wastes are shipped to developing countries for cheap disposal without the informed consent of their governments. The often substandard shipping, storage, and treatment methods endanger human health and the health of the environment. See air pollution; pollution; solid waste; water pollution.


Science Dictionary: toxic waste
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A general term used to refer to chemical compounds produced by industry which, if they are ingested or breathed in by humans, can cause physiological damage. The disposal of toxic wastes is a major environmental problem in the United States.

Wikipedia: Toxic waste
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Valley of the Drums, a toxic waste site in Kentucky, United States, 1980.

Toxic waste is waste material that can cause death or injury to living creatures. It can be spread quite easily and can contaminate lakes and rivers. The term is often used interchangeably with “hazardous waste”, or discarded material that can pose a long-term risk to health or environment.

As with most pollution problems, toxic waste began to be a significant issue during the industrial revolution. It usually is the product of industry or commerce, but comes also from residential use (e.g. cleaning products, cosmetics, lawn care products), agriculture (e.g. chemical fertilizers, pesticides), the military (nuclear weapons testing, chemical warfare, medical facilities (e.g. pharmaceuticals), radioactive sources, and light industry, such as dry cleaning establishments.[1][2]

Contents

Health effects

Toxic waste

Toxic wastes often contain carcinogens, and exposure to these by some route, such as leakage or evaporation from the storage, causes cancer to appear at increased frequency in exposed individuals. For example, a cluster of the rare blood cancer polycythemia vera was found around a toxic waste dump site in northeast Pennsylvania in 2008.[3]

Toxic wastes containing organic carcinogens can be destroyed by incineration at high temperatures, which is expensive. However, if the waste contains heavy metals or radioactive isotopes, these must be separated and stored, as they cannot be destroyed.

See also

Further Reading

  • John Stauber and Sheldon Rampton, Toxic Sludge is Good For You, Common Courage Press, 2002, ISBN: 978-1567510607
  • Fred Setterberg and Lonny Shavelson, Toxic Nation: The Fight to Save Our Communities from Chemical Contamination, Jossey-Bass, 1993, ISBN: 978-0471575450

References

External links


 
 

 

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Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Dental Dictionary. Mosby's Dental Dictionary. Copyright © 2004 by Elsevier, Inc. All rights reserved.  Read more
Columbia Encyclopedia. The Columbia Electronic Encyclopedia, Sixth Edition Copyright © 2003, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/ Read more
Science Dictionary. The New Dictionary of Cultural Literacy, Third Edition Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Toxic waste" Read more