zombie

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Zombie

A publicly-traded company that continues operations despite a merger or bankruptcy. Stocks in zombies are usually low in price because the companies are likely to cease operations (and the stocks will consequently become worthless). However, a few bottom feeders may be interested in a zombie if they believe that it can restructure and become profitable.

zombie

A company that remains in business even though it is technically bankrupt and almost surely headed for the graveyard.
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References in classic literature ?
See," said I, pointing to the dead brute, "is the Law not alive?
The figure lay upon its back, its upper part in shadow, but standing above it and looking down upon the face, he saw that it was a dead body.
Byring turned away his eyes and began humming a tune, but he broke off in the middle of a bar and looked at the dead body.
He must find some excuse to delay the finding of Mohammed Beyd's dead body.
The sentry, from his post, saw him enter his own tent; but he did not see him crawl under the canvas at the rear and sneak cautiously to the tent which the prisoner had occupied, where now lay the dead body of Mohammed Beyd.
By the dead hands at my throat but he shall die, Bar Comas.
Bar Comas was stone dead, and only the most herculean efforts on the part of Dak Kova's females saved him from the fate he deserved.
Her dead Edmond; her living Edmond, and she felt the beating of his heart against her and the agonizing rapture of his kisses striving to awake her.
Stolen," she shuddered, and thought of the dead soldier with his face uplifted to the sky in an agony of supplication.
Then came the ghost of my dead mother Anticlea, daughter to Autolycus.
There is much which I have left out; much which I have not dared to tell; but you will find the story of his second search for Dejah Thoris, Princess of Helium, even more remarkable than was his first manuscript which I gave to an unbelieving world a short time since and through which we followed the fighting Virginian across dead sea bottoms under the moons of Mars.
The king must see the dead infant, and if he suspect, and even reeds have ears, you know the heart of Chaka and where we shall lie to-morrow.

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