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.
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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.
Deducting business bad debts
And if money is worthless, you would need to have your own supply of fuel.
She's prepping for doomsday ...
Investors were then sold swathes of worthless shares belonging to companies no longer listed on the stock exchange.
Four-year jail term after shares scam
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.
When is stock worthless?
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.
Worthless, impossible, and stupid; how contrarian entrepreneurs create and capture extraordinary value
Owning worthless stock pledged as collateral on a multimillion-dollar loan that is backed with a personal guaranty.
Taking stock
requirements of section 1504(a)(2) in the worthless subsidiary.
Another look through the worthless stock deduction: section 165(g)(3) as applied to foreign subsidiaries
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.
Investments
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.
'Land con' pair in business ban
Summary: Kate and Gerry McCann have had enough of "fluffy worthless words", calling for a case review over their daughter's disappearance.
Madeleine McCann's parents call for case review
Thousands of Britons were duped into investing pounds 35 million in worthless shares, US authorities said last night.
British victims of US shares scam; FRAUD
About 15,000 Britons, mostly elderly, were sold worthless shares in the so-called "boiler room" fraud scheme.
Family fraud team

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