Worthless

From Open Risk Manual

Definition

Worthless. Announcement by the regulator that the security has become worthless.

e.g. bankruptcy hearings - might result in this being said.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.