worthless
A term used to describe an asset that has absolutely no value. Worthless securities can present a problem when trying to declare the loss on a tax return, since in order to take the loss, the securities must be sold first. This may not be possible because a worthless security will often have no bid price in the market. Sometimes, currencies become virtually worthless in the forex market, often due to excessive printing and resulting hyperinflation.
Browse by Subjects
Securities Investor Protection Corporation (SIPC)
expiration month
expiration date
double witching week
triple witching week
See All Related Terms »

sell short
Public Accounts Committee
owners equity
common ownership
back-end load