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The term dry hole refers to an unsuccessful business venture.
Despite my many successful investments over the years, I still hit a dry hole every once and a while where I just have to write the whole thing off as lost money.
The term derives from the field of oil and gas exploration, where it refers to a drilled well that does not produce oil or gas sufficient for commercial viability. Investments that are not currently profitable but still have potential for profitability would not usually be called dry holes.
Termín „dry hole“ (doslova „suchý vrt“) označuje neúspěšný obchodní podnik.
Ačkoli jsem za ty roky udělal už hodně úspěšných investic, stejně jednou za čas narazím na takzvaný suchý vrt a musím to celé odepsat jako ztrátu.
Tento termín pochází z průzkumu ropných a plynových nalezišť, kde označuje vrt, který neprodukuje dost ropy nebo plynu, aby byl komerčně životaschopný. Investice, které aktuálně nejsou ziskové, ale mají potenciál ziskovosti, by se jako „dry wells“ nenazývaly.
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English Editorial Services’ mission is to assist international businesses and organizations of all sizes to communicate clearly, correctly, and persuasively with their business partners and target audiences.
Simply subscribe to receive our Business Term of the Day at no charge to your inbox each business day, with explanation in English and Czech.
