Rio Trade

Rio Trade

Informal; a high-risk trade that an investor or company makes in order to recover previous losses. An investor makes a Rio trade when he/she needs to recover losses in the shortest possible amount of time so he/she can avoid bankruptcy. The slang term comes from the image of a ruined investor buying a plane ticket to Rio de Janeiro to avoid creditors.
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References in periodicals archive ?
A recent study by The Federation of Industries of the State of Rio de Janeiro (FIRJAN) estimated that during the three official municipal holidays of June 18th, 25th and July 4th, the Rio trade industry would lose R$262 million, Brazilian newspaper Rio Times reported.
ITC and its partners in Brazil are organizing a LatinPharma event during UNCTAD's Rio Trade Week in Rio de Janeiro.