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. Investment

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

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

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

    An estimation of the revenue and expenses over a specified future ...
  6. Capital Gearing

    The degree to which a company acquires assets or to which it ...
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. When Taking Vows, Vow To Spend Less
    Personal Finance

    When Taking Vows, Vow To Spend Less

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center