Pyrrhic Victory(redirected from Phyrric victory)
Also found in: Dictionary, Thesaurus, Encyclopedia.
A successful endeavor that came with such high costs, that it was almost not worth the effort. For example, a company may succeed in a hostile takeover, but only after overcoming so many anti-takeover measures and spending so much money that it overpaid and may have nearly bankrupted itself.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved