Lame Duck
A person who has defaulted on his or her debts or has gone bankrupted due to the stock market. The financial use of the term is most commonly used in Europe. Investopedia Says:
A trader or investor who makes poor trades and ends up with heavy losses over time would be considered a lame duck. Often, if a trader goes bankrupt, it is not the result of one bad trade but a long string of them - such a trader is called a lame duck because he or her is ineffective as a trader. (The term lame duck also refers to a politician who has chosen not to seek re-election, is ineligible to run for office again or has lost an election but is still in office until the election winner takes control of the office. The politician is considered a lame duck as he or she is not accountable to the constituency he or she represents.) Related Terms:
Bankruptcy
Losing Your Shirt |