Definition
Finance Context
In financial terminology, “wallpaper” refers to certificates of stocks and bonds that have become worthless due to bankruptcy or default. Such certificates hold no intrinsic value as financial instruments but may possess some collectible value for enthusiasts who prize historically significant or rare certificates.
Computing Context
In the realm of computing, “wallpaper” is a term used to describe a picture or graphic that serves as the background for the desktop interface on a computer. This background can range from static images to dynamic, changing visuals, and is used instead of a solid color to enhance visual appeal.
Examples
Finance Example
- Enron Stock Certificates: Following the scandal and subsequent bankruptcy of Enron, the corporation’s stock certificates became worthless in terms of financial value. However, due to their notorious history, these certificates might be collected by those interested in financial history.
Computing Example
- Default OS Wallpapers: Operating systems such as Windows, macOS, and various Linux distributions come with a selection of wallpapers that users can choose to set as their desktop background. For instance, the iconic Windows XP “Bliss” wallpaper is a photograph of a serene green hill under a vibrant blue sky.
Frequently Asked Questions (FAQs)
What does “wallpaper” mean in finance?
“Wallpaper” in finance refers to the certificates of stocks and bonds that are no longer of any financial value due to factors like bankruptcy or default. Essentially, these instruments are no longer marketable or redeemable.
Can worthless stock certificates ever have any value?
Yes, while the financial value is nonexistent, such certificates can hold collectible value for enthusiasts interested in rare or historically significant investment securities.
What is a desktop wallpaper?
A desktop wallpaper is a background image or graphic design that appears on a computer’s desktop interface. Users can select wallpapers according to their aesthetic preferences.
How can I change my desktop wallpaper?
On most operating systems, you can change your desktop wallpaper by right-clicking on the desktop and selecting ‘Personalize’ or ‘Desktop Background’. Then, you can choose from available images or upload your own.
Are old stock certificates worth collecting?
Old stock certificates can be valuable to memorabilia collectors, particularly if they are rare, beautifully designed, or have some historical significance, such as those from companies involved in well-known scandals or histories.
Related Terms
Security
A financial instrument that holds some type of monetary value, including stocks, bonds, options, and others.
Deskstop Background
An image, color, or visual pattern that is set as the background surface on a user’s desktop screen.
Bankruptcy
The legal state of being unable to repay debts to creditors, often resulting in the issuance of worthless securities.
Collectibles
Items that are worth collecting, typically because they are rare, historically significant, or interesting to a specific group of people.
Graphic Design
The art and practice of planning and projecting ideas and experiences with visual and textual content, often used in creating wallpapers for desktops.
Online References
Suggested Books for Further Studies
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“Manias, Panics, and Crashes: A History of Financial Crises” by Charles P. Kindleberger
- An insightful book offering a detailed history of financial crises and what makes certain stock instruments worthless.
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“Graphic Design: A New History” by Stephen J. Eskilson
- This book covers the history and breadth of graphic design, including its application in desktop wallpaper design.
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“Security Analysis” by Benjamin Graham and David Dodd
- A classic book on investment, this is essential reading for understanding the valuation of securities, including the transition to worthlessness.
Fundamentals of Wallpaper: Finance and Computing Basics Quiz
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