Wallpaper Law and Legal Definition
Wallpaper is the name given to stocks, bonds and other securities that have become worthless. Stocks, bonds and other securities become worthless when they loose all monetary value because of bankruptcy or other reasons. The implication of the term is that certificates of stocks and bonds that have become worthless have no other use than as wallpaper. Former dotcom companies that went bankrupt are good examples of wallpaper stocks.
