Worthless Securities

Worthless Securities
Securities that have a market value of zero. Worthless securities can include stocks or bonds that are either publicly traded or privately held. These securities result in a capital loss for the owner and can be claimed as such when filing taxes.

The problem with declaring worthless securities as a loss for tax purposes is that you must sell securities before making this claim. Unfortunately, worthless securities are unsellable. Another difficulty comes from investors who own securities that they are not sure are totally worthless in a given year. If they go ahead and declare them as such and then they are deemed to have value the next year, taxpayers can file an amended return for the previous year and redeclare the loss the following year.


Investment dictionary. . 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • worthless — Destitute of worth, of no value or use. Spring City Foundry Co. v. Commissioner of Internal Revenue, 292 U.S. 182, 54 S.Ct. 644, 78 L.Ed. 1200 @ worthless check A check drawn on a bank account which is no longer open or on an account with funds… …   Black's law dictionary

  • Distressed Securities — A financial instrument in a company that is near or is currently going through bankruptcy. This usually results from a company s inability to meet its financial obligations. As a result, these financial instruments have suffered a substantial… …   Investment dictionary

  • Blind Bid — An offer to purchase a bundle of securities without knowing the exact securities being purchased. A blind bid is risky in that the investor is unaware of the composition of the investments being bid on. The risk is that the investor will end up… …   Investment dictionary

  • stockjobber — stockjobbery, stockjobbing, n. /stok job euhr/, n. 1. a stock salesperson, esp. one who sells or promotes worthless securities. 2. Brit. a stock exchange operator who acts as an intermediary between brokers. [1620 30; STOCK + JOBBER] * * * …   Universalium

  • rob — vb Rob, plunder, rifle, loot, burglarize are comparable when they mean to take unlawfully possessions of a person or from a place. All in this basic use imply both an owner of and value inherent in the thing taken. In its basic and legal use rob… …   New Dictionary of Synonyms

  • waste — n 1 Waste, desert, badlands, wilderness can mean a tract or region of land not usable for cultivation or general habitation. Waste is the general term applicable to a tract or region which because of natural features (as poor stony soil,… …   New Dictionary of Synonyms

  • stockjobber — stock•job•ber [[t]ˈstɒkˌdʒɒb ər[/t]] n. bus a stockbroker, esp. one who sells worthless securities • Etymology: 1620–30 stock′job bing, n …   From formal English to slang

  • stockjobber — /ˈstɒkdʒɒbə / (say stokjobuh) noun 1. a stock exchange dealer who acts as an intermediary between brokers and buyers but does not deal directly with the public. 2. US a seller of stock, especially of worthless securities. –stockjobbery,… …  

  • Option (finance) — Stock option redirects here. For the employee incentive, see Employee stock option. Financial markets Public market Exchange Securities Bond market Fixed income …   Wikipedia

  • Dominion of Melchizedek — Micronation Seal Motto: Monotheistic, unity, peace Anthem: tba Status Current Area claimed Various Pacific Ocean islands and …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”