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bag holder
or bag·hold·er
[ bag hohl-der ]
noun
, Finance.
- someone who retains an unprofitable investment rather than selling it at a loss, only to suffer an even worse loss when the investment eventually becomes worthless:
Make sure you don't turn into a bag holder if this stock ends up not performing.
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Word History and Origins
Origin of bag holder1
First recorded in 2005–10
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Example Sentences
These are placed on the squares called by the bag-holder, who draws numbers haphazard from his sibylline sack.
From Project Gutenberg
"I am Providence's favorite bag-holder," was his bitter thought.
From Project Gutenberg
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