• Is an investment which is losing money or an unprofitable project.
Toxic waste swap: Is a transaction whereby two traders agree to exchange toxic waste or deeply Underwater securities with one another with a swap transaction. Here, the traders can hide the losses associated with the initial losing position. Nevertheless, both parties continue to hold positions insecurities which are inherently overvalued for trading or investment purposes. Upon discovery these positions will be subject to severe mark downs in price.
Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...
Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around. – Leo Buscaglia