Wallpaper
The name given to stocks, bonds and other securities that have become worthless. Investopedia Says:
The securities may have lost all monetary value because of bankruptcy or for other reasons. This term implies that because the certificates are worthless, may as well wallpaper your house with them. Former dotcom companies that went bankrupt are good examples of wallpaper stocks. Related Terms:
Bankruptcy
Scripophily
Security
Stock |