Shoestring

AAA

DEFINITION of 'Shoestring'

A slang term used to describe a small amount of money that is considered to be inadequate for its intended purpose. A shoestring can be used in a number of idioms, such as: "The company financed that last project on a shoestring," or "Jim is living off of a shoestring budget."

INVESTOPEDIA EXPLAINS 'Shoestring'

Although a shoestring budget is considered inadequate, it may just be enough for an individual to live on or for a company to profit from a project. For companies, a particular project's return on investment would be much greater, due to the lower initial cost.

RELATED TERMS
  1. Return On Investment - ROI

    A performance measure used to evaluate the efficiency of an investment ...
  2. Capital Gearing

    The degree to which a company acquires assets or to which it ...
  3. Investment

    An asset or item that is purchased with the hope that it will ...
  4. Personal Finance

    All financial decisions and activities of an individual, this ...
  5. Project Finance

    Defined by the International Project Finance Association (IPFA) ...
  6. Budget

    An estimation of the revenue and expenses over a specified future ...
Related Articles
  1. How To Invest On A Shoestring Budget
    Investing Basics

    How To Invest On A Shoestring Budget

  2. Your Financial Life: From Stressful ...
    Insurance

    Your Financial Life: From Stressful ...

  3. Run Your Finances Like A Business
    Entrepreneurship

    Run Your Finances Like A Business

  4. I Want Christmas To Be Debt-Free
    Budgeting

    I Want Christmas To Be Debt-Free

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center