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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

zombie

A company that remains in business even though it is technically bankrupt and almost surely headed for the graveyard.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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References in classic literature ?
"He is not dead," he said slowly, "not dead at all.
I found myself alone with M'ling, the dead brute, and the prostrate man.
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.
Doubtless they believed themselves justified by facts whose nature we cannot even conjecture in thinking a dead body a malign thing endowed with some strange power of mischief, with perhaps a will and a purpose to exert it.
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.
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.
more horrible than that Is a curse in a dead man's eye!
He knew me and said, 'Ulysses, noble son of Laertes, why, poor man, have you left the light of day and come down to visit the dead in this sad place?
ANTIGONE Sister, forbear, or I shall hate thee soon, And the dead man will hate thee too, with cause.
He closed his eyes, opened his mouth, stretched out his legs, and hung there, as if he were dead.
"Perhaps it were well if he had been so slain, Baleka," said Unandi; "then had many another man lived to look upon the sun who is now dead."

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