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Holding The Bag
In financial slang, a bagholder is a shareholder left holding shares of worthless stocks. The bagholder typically bought in near the peak, when people were hyping the asset and the price was high, and held it all the way through steep declines, losing a lot of money in the process. It can also refer to the holder of other assets and financial instruments that become worthless, such as the junior bonds of a defaulted company or the coins of a failed cryptocurrency. The word is derived by combining shareholder with the expression "left holding the bag." Examples The shareholders could be caught up in a corporate bankruptcy and accounting scandal, as was the case with Enron and Worldcom, or the victims of a pump and dump scheme, in which investors fall victim to e-mail spam, rigged stock tip forums, or other tricks used by stock touts to drive up the shares of worthless penny stocks. If a worthless property is bought with the idea to sell it for a higher price, the gullible perso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subordinated Debt
In finance, subordinated debt (also known as subordinated loan, subordinated bond, subordinated debenture or junior debt) is debt which ranks after other debts if a company falls into liquidation or bankruptcy. Such debt is referred to as 'subordinate', because the debt providers (the lenders) have subordinate status in relationship to the normal debt. Subordinated debt has a lower priority than other bonds of the issuer in case of liquidation during bankruptcy, and ranks below: the liquidator, government tax authorities and senior debt holders in the hierarchy of creditors. Debt instruments with the lowest seniority are known as subordinated debt instruments. Because subordinated debts are only repayable after other debts have been paid, they are more risky for the lender of the money. The debts may be secured or unsecured. Subordinated loans typically have a lower credit rating, and, therefore, a higher yield than senior debt. A typical example for this would be when a pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Practical Joke
A practical joke, or prank, is a mischievous trick played on someone, generally causing the victim to experience embarrassment, perplexity, confusion, or discomfort.Marsh, Moira. 2015. ''Practically Joking''. Logan: Utah State University Press. A person who performs a practical joke is called a "practical joker" or "prankster". Other terms for practical jokes include gag, rib, jape, or shenanigan. Practical jokes differ from confidence tricks or hoaxes in that the victim finds out, or is let in on the joke, rather than being talked into handing over money or other valuables. Practical jokes are generally lighthearted and without lasting effect; they aim to make the victim feel humbled or foolish, but not victimized or humiliated. Thus most practical jokes are affectionate gestures of humour and designed to encourage laughter. However, practical jokes performed with cruelty can constitute bullying, whose intent is to harass or exclude rather than reinforce social bonds through ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hot Potato (game)
Hot potato is a party game that involves players gathering in a circle and tossing a small object such as a beanbag or even a real potato to each other while music plays. The player who is holding the object when the music stops is eliminated. Origins The origins of the hot potato game are not clear. However, it may go back as far as 1888 when Sidney Oldall Addy's Glossary of Sheffield Words describes a game in which a number of people sit in a row, or in chairs round a parlor."Addy, Sidney Oldall (1888). "The Geographical or Ethnological Position of Sheffield", A Glossary of Words Used in the Neighbourhood of Sheffield." London: Trubner & Co. for the English Dialect Society. In this game, a lit candle is handed to the first person, who says: The one in whose hand the light expires has to pay the forfeit. See also * Bagholder * Musical chairs *Pass the parcel Pass the parcel is a classic British party game in which a parcel is passed from one person to another. In preparat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greater Fool Theory
In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued items with a purchase price drastically exceeding the intrinsic valueif those assets can later be resold at an even higher price. In this context, one "fool" might pay for an overpriced asset, hoping that he can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value, which in some cases could be zero. Crowd psychology Due to cognitive bias in human behavior, some people are drawn to assets whose price they see increasing, however irrational it might be. This effect is often further exacerbated by herd mentality, whereby people hear stories of others who bought in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fall Guy
Fall guy is a colloquial phrase that refers to a person to whom blame is deliberately and falsely attributed in order to deflect blame from another party. Origin The origin of the term "fall guy" is unknown and contentious. Many sources place it in the early 20th century, while some claim an earlier origin. In April 2007, William Safire promoted a search to unearth its origins. The term "fall guy" for one whom blame was directed upon in order to shield others had appeared in mass public culture in the U.S. at least by the 1920s. In 1925 it was the title of a Broadway play, ''The Fall Guy'', by James Gleason and George Abbott, starring future Hollywood character actors Ernest Truex anDorothy Patterson This was turned into a crime film by Hollywood in 1930''The Fall Guy'' with the "fall guy" again used by a gangster as an unwitting narcotics courier. It saw widespread use in the crime-dominated film noir era of the mid-to-late 1940s into the early 1950s. A related use of "fal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boy Scouts
Boy Scouts may refer to: * Boy Scout, a participant in the Boy Scout Movement. * Scouting, also known as the Boy Scout Movement. * An organisation in the Scouting Movement, although many of these organizations also have female members. There are thousands of national Scouting organizations or federations, mostly grouped into seven international Scouting associations, along with some non-aligned organizations and Groups. More information on these organizations and groups can be found in: ** List of World Organization of the Scout Movement members ** List of World Association of Girl Guides and Girl Scouts members ** International Union of Guides and Scouts of Europe#Member organizations ** Order of World Scouts#List of members ** World Federation of Independent Scouts#List of members ** World Organization of Independent Scouts#Members ** Confederation of European Scouts#Member organizations ** List of non-aligned Scouting organizations * The Scouting Movement in a country, s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Summer Camp
A summer camp or sleepaway camp is a supervised program for children conducted during the summer months in some countries. Children and adolescents who attend summer camp are known as ''campers''. Summer school is usually a part of the academic curriculum for a student to make up work not accomplished during the academic year (summer camps can include academic work, but is not a requirement for graduation). The traditional view of a summer camp as a woody place with hiking, canoeing, and campfires is changing, with greater acceptance of newer types of summer camps that offer a wide variety of specialized activities. For example, there are camps for the performing arts, music, magic, computer programming, language learning, mathematics, children with special needs, and weight loss. In 2006, the American Camp Association reported that 75 percent of camps added new programs. This is largely to counter a trend in decreasing enrollment in summer camps, which some argue to have bee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rite Of Passage
A rite of passage is a ceremony or ritual of the passage which occurs when an individual leaves one group to enter another. It involves a significant change of status in society. In cultural anthropology the term is the Anglicisation of ''rite de passage'', a French term innovated by the ethnographer Arnold van Gennep in his work ''Les rites de passage'', ''The Rites of Passage''. The term is now fully adopted into anthropology as well as into the literature and popular cultures of many modern languages. Original conception In English, Van Gennep's first sentence of his first chapter begins: "Each larger society contains within it several distinctly separate groupings. ... In addition, all these groups break down into still smaller societies in subgroups." The population of a society belongs to multiple groups, some more important to the individual than others. Van Gennep uses the metaphor, "as a kind of house divided into rooms and corridors." A passage occurs when an indi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Snipe Hunt
A snipe hunt is a type of practical joke or fool's errand, in existence in North America as early as the 1840s, in which an unsuspecting newcomer is duped into trying to catch a nonexistent animal called a ''snipe''. Although snipe are an actual family of birds, a ''snipe hunt'' is a quest for an imaginary creature whose description varies. The target of the prank is led to an outdoor spot and given instructions for catching the snipe; these often include waiting in the dark and holding an empty bag or making noises to attract the creature. The others involved in the prank then leave the newcomer alone in the woods to discover the joke. As an American rite of passage, snipe hunting is often associated with summer camps and groups such as the Boy Scouts. In France, a similar joke is called " hunting the dahut". In North America Although snipe are a real family of birds, the ''snipe hunt'' is a practical joke, often associated with summer camps and other types of outdoor camping, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fool's Errand
A fool's errand prank is a type of practical joke where a newcomer to a group, typically in a workplace context, is given an impossible or nonsensical task by older or more experienced members of the group. More generally, a fool's errand is a task almost certain to fail. Many such errands require the victim to travel some distance and request an impossible object by name; the prank will be widely known within the peer group as an in-joke, and the person they ask for the object will play along, often by sending the victim on to make the same request elsewhere. The errand is an example of a hazing ritual, through which a newcomer gains acceptance into a group. Examples * One type of North American fool's errand is the "snipe hunt". The hunters are typically led to an outdoor spot at night and given a bag or pillowcase along with instructions that can include either waiting quietly or making odd noises to attract the creatures. The other group members leave, promising to chase ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding The Bag
In financial slang, a bagholder is a shareholder left holding shares of worthless stocks. The bagholder typically bought in near the peak, when people were hyping the asset and the price was high, and held it all the way through steep declines, losing a lot of money in the process. It can also refer to the holder of other assets and financial instruments that become worthless, such as the junior bonds of a defaulted company or the coins of a failed cryptocurrency. The word is derived by combining shareholder with the expression "left holding the bag." Examples The shareholders could be caught up in a corporate bankruptcy and accounting scandal, as was the case with Enron and Worldcom, or the victims of a pump and dump scheme, in which investors fall victim to e-mail spam, rigged stock tip forums, or other tricks used by stock touts to drive up the shares of worthless penny stocks. If a worthless property is bought with the idea to sell it for a higher price, the gullible perso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
