Rio Trade
In the securities market, a transaction made in a desperate attempt to recover previous losses.
The term was coined with the idea that if a trader fails in his or her attempt to recover previous losses, he or she would have to hop on a plane to Rio De Janeiro, Brazil, in order to escape from creditors.
The term was coined with the idea that if a trader fails in his or her attempt to recover previous losses, he or she would have to hop on a plane to Rio De Janeiro, Brazil, in order to escape from creditors.
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