Posted in Finance, Accounting and Economics Terms, Total Reads: 369
Turkey is a slang term for investments and financial assets which yield disappointing returns or turn out to be worse than expected. Unsuccessful business deals, securities that realize substantial losses and failed initial public offerings (IPOs) could all be called "turkeys".
In case of individual investor, a turkey might be a speculative equity investment in a start-up tech company that subsequently goes bankrupt.
In case of a corporation, a turkey can be the acquisition of a smaller company that ends up making much less revenue than anticipated, thus making it an investment which eat up the company's profits.