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)
double witching week
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):