Worthless


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Worthless

Describing anything with no substantial value. For example, a stock certificate in a company that has gone bankrupt is almost always worthless.
References in periodicals archive ?
If a sole proprietor sells goods or services on credit and the account receivable subsequently becomes worthless, a business bad debt deduction is permitted, but only if the income arising from the creation of the receivable was previously included in income (Regs.
And if money is worthless, you would need to have your own supply of fuel.
Investors were then sold swathes of worthless shares belonging to companies no longer listed on the stock exchange.
165(g)), and any suspended losses from a passive activity are released, since the entity is considered "disposed of' when its stock becomes worthless (Sec.
He demolishes several myths about entrepreneurs, including that they must be innovators, that they must be experts, and that they must be young; explores why the best entrepreneurs seem crazy and the best ventures seem worthless, impossible or stupid; argues that all entrepreneurs face adversity and that this can actually be an opportunity; and discuss how to perceive, create and capture extraordinary value.
Owning worthless stock pledged as collateral on a multimillion-dollar loan that is backed with a personal guaranty.
When it became clear that the employer would be unable to repay the loans, he attempted to deduct the worthless loans as business bad debts.
Claire Entwistle, a director of the Insolvency Service's Investigations unit, said: "The directors of this company set out to sell worthless farm land at a massive profit to them, preying on members of the public with a hard sell and misleading infor mation.
Summary: Kate and Gerry McCann have had enough of "fluffy worthless words", calling for a case review over their daughter's disappearance.
Thousands of Britons were duped into investing pounds 35 million in worthless shares, US authorities said last night.
About 15,000 Britons, mostly elderly, were sold worthless shares in the so-called "boiler room" fraud scheme.