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
triple witching week
Securities Investor Protection Corporation (SIPC)
contract month
expiration month
expiration date
See All Related Terms »

interest coupon
current account
capital levy
overheads
multiple exchange rate