| 释义 |
Worthless Securities Worthless SecurityA security with no value. Examples include bonds past maturity or stocks in a bankrupt company. Obviously, holding worthless securities represents a loss to the owner.Worthless SecuritiesA loss is allowed for a security that becomes worthless during the year. The loss is deemed to have occurred on the last day of the year. Special rules apply to securities of affiliated companies and small business stock. |