What is asbestos?
The Bankrate.com financial term of the day is: "Asbestos"
Asbestos is a substance that can be found in older homes and buildings because at one time, we thought it was a good thing -- but now we know better. It's a fire-resistant material that was once used in insulation. Asbestos is considered a hazard these days because it can lead to lung ailments and even cancer.
Asbestos had been a fairly common construction material because it's useful in preventing fires, but it's seen as more of a health threat than a help.
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