cats and dogs

cats and dogs. Slang.

1. Nonperforming securities.

2. Highly speculative securities.

“Wall Street disdainfully regards most penny stocks as cats and dogs, a popular phrase in use since 1879 to describe low-priced, often worthless, speculative securities. The single word dog also means a worthless security, and the related pup meant a low-priced, inactive stock during the 1940s and 1950s.” Kathleen Odean, High Steppers, Fallen Angels, and Lollipops: Wall Street Slang 10 (1988).

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词条贡献者

双语律师Benita，国际知名法学院金融专业，擅长翻译各类与项目开发及融资相关的法律文件。