bag holder

or bag·hold·er

[ bag hohl-der ]

noun

, Finance.

1. 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.

Word History and Origins

Origin of bag holder¹

First recorded in 2005–10

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