A stock paying high dividends with a low beta and noncyclical business, that is an extremely safe investment. Bloomberg Financial Dictionary
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widow-and-orphan stock UK US noun [C or U] STOCK MARKET
► shares that are considered to be very safe investments: »
AT&T had been known as the classic widow-and-orphan stock from the 1930s until the 1980s.
Financial and business terms. 2012.