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Posted by englishlessons on January 25, 2007


The current value is less than the original value


That stock is underwater now, so he can’t sell it or he’ll lose lots of money on his original investment.

An underwater option would be worthless if it expired today.

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2 Responses to “Underwater”

  1. Jon said

    Not sure that I would call this an idiom. It is nothing more than jargon to an economistñ that is, it is specialised vocabulary much like medical terms. I don’t think you can apply this to any situation.

    However, being in hot water is a much more useful idiom! 🙂

  2. I agree that “being in hot water” is an idiom that has been around a long time. However, I hear “underwater” being used a lot in Silicon Valley, California, to talk about stock options and housing. For example, many people find their houses are now worth less than they paid for them a couple of years ago and they use this idiom to talk about housing values. I have had many engineers who speak English as a second language ask me about this term as they hear it being used in conversations at work.

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