n.
When a money-losing bond trader makes one final trade to recoup his losses, but hedges his bet by purchasing a one-way ticket to Rio de Janeiro or some other far-off locale.
Example Citation:
"During the past few months, Steve Duthie secretly took out a Rio hedge at Phoenix Hedge Fund Corp.
Mr. Duthie's bet went awry, and he is nowhere to be found."
—Andrew Willis, "How a bad bet sent Phoenix falling," The Globe and Mail, January 7, 2000
Mr. Duthie's bet went awry, and he is nowhere to be found."
—Andrew Willis, "How a bad bet sent Phoenix falling," The Globe and Mail, January 7, 2000
Related Words:
bear tack
capitulation bottom
dead cat bounce
fallen angel
flash crash
single-digit midget
statement shock
stuckholder
sucker rally
ticker shock
capitulation bottom
dead cat bounce
fallen angel
flash crash
single-digit midget
statement shock
stuckholder
sucker rally
ticker shock
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