• Is an investment which is losing money or an unprofitable project.

 Referenced Terms
 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.

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Great spirits have always found violent opposition from mediocrities. The latter cannot understand it when a man does not thoughtlessly submit to hereditary prejudices but honestly and courageously uses his intelligence. - Albert Einstein


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