White Elephant

White Elephant

An investment that is considered unprofitable and is unwanted. The term comes from Thailand where a white elephant was given by the ruler to people he did not favor. As these elephants were considered sacred and not allowed to work, they would become a burden to the owner.

Random Finance Terms for the Letter W

• Workout Period
• World Bank
• World Fund
• World Investible Wealth
• Wrap Account
• Write-Down
• Write-Off
• Writer
• Written-Down Value
• W-Type Bottom

Related posts:

1. White Paper
2. White Knight
3. Workout Period
4. Write-Off
5. World Bank