POC

POC and POS are a common term in the financial community denotes a vulgar term, but a term that seems quite appropriate for bad stocks, insurance policies, houses, and securities. It means "piece of crap." When an insurance salesman wants to maximize profits to the extreme he sells the client a POC policy. The underwriters of these policies cleverly word the policies to exclude the client from getting full coverage. The client is led to the false expectation that he or she is covered in certain areas of the policy. By selling a marginalizes policy the agent makes a large commission. The broker "constructively knows" the stock will never perform on a par of other stocks available on the market at the time.

POS is a term used in corporate setting rather than a small business. Found mostly on Wall Street and some big insurance underwriters.