Defunct

Defunct
The condition of a company, whether publicly traded or private, that has gone bankrupt and ceased to exist. If the company was publicly traded, it will be delisted from the exchange where it was listed, and its stock will be worth nothing.

This term also applies to currencies that are no longer in circulation.

In exceptional situations, the Securities and Exchange Commission does allow the stock of a defunct company to continue to trade for a period of time, but this is as a result of legal technicalities rather than a particular right or privilege.

History has seen many defunct currencies (e.g. the Greek drachma and the Dutch guilder). Currencies can become defunct for many reasons - for example, due to political upheaval or revolution, or because the currency has become worthless in the foreign exchange market.


Investment dictionary. . 2012.

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  • Defunct! — is made up of two producers: Jack Stuart (Jaksaw) and Slade Templeton (Velox Music ((also known for his work with Dean Garcia). Defunct! has quickly gained notoriety due to their combination of Fidget House and Breakbeat with dirty basslines that …   Wikipedia

  • defunct — DEFÚNCT, Ă, defuncţi, te, adj., s.m. şi f. (Om) mort, răposat, decedat. – Din lat. defunctus, fr. défunt. Trimis de RACAI, 30.09.2003. Sursa: DEX 98  Defunct ≠ născut Trimis de siveco, 03.08.2004. Sursa: Antonime  DEFÚNCT …   Dicționar Român

  • Defunct — De*funct (d[ e]*f[u^][ng]kt ). a. [L. defunctus, p. p. of defungi to acquit one s self of, to perform, finish, depart, die; de + fungi to perform, discharge: cf. F. d[ e]funt. See {Function}.] 1. Having finished the course of life; dead; deceased …   The Collaborative International Dictionary of English

  • defunct — I adjective abrogated, all gone, all over with, annulled, cancelled, dead, deceased, demised, departed, devoid of life, ended, exanimate, expired, extinct, finished, gone, gone out of existence, inactive, inefficacious, inoperative, lifeless,… …   Law dictionary

  • defunct — UK US /dɪˈfʌŋkt/ adjective FORMAL ► no longer existing or in use: »She had once worked for the Traveller hotel chain (now defunct) …   Financial and business terms

  • defunct — (adj.) 1590s, from O.Fr. defunct (14c., Mod.Fr. defunt) or directly from L. defunctus dead, lit. off duty, from pp. of defungi to discharge, finish, from de off, completely (see DE (Cf. de )) + fungi perform or discharge duty, from PIE root …   Etymology dictionary

  • Defunct — De*funct , n. A dead person; one deceased. [1913 Webster] …   The Collaborative International Dictionary of English

  • defunct — deceased, departed, late, *dead, lifeless, inanimate Antonyms: alive: live …   New Dictionary of Synonyms

  • defunct — [adj] extinct, not functioning asleep, bygone, cold, dead, deceased, departed, done for*, down the drain*, exanimate, expired, gone, had it*, inanimate, inoperative, invalid, kaput*, late, lifeless, lost, nonexistent, obsolete, out of commission* …   New thesaurus

  • defunct — Defunct, ou Trespassé, Defunctus …   Thresor de la langue françoyse

  • defunct — ► ADJECTIVE ▪ no longer existing or functioning. ORIGIN Latin defunctus dead , from defungi carry out, finish …   English terms dictionary

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