1 definition by Aaron Startupguy

Stock or options in a startup company, referring to the likeliness the money will have only imaginary value. In contrast to "real paper".
Person 1: "Hey, I got a great new job, paying $150k, working for a company that makes facebook apps!"

Person 2: "Really? Is it real paper or toilet paper?"

Person 1: "$60k base, $90k stock"

Person 2: "oh, so mostly toilet paper..."
by Aaron Startupguy November 16, 2009

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