Top Definition
A portmanteau of "wasted investment". Applies to either an investment with no yield or an investment made while wasted (i.e. intoxicated). The latter tends to result in the former.
I came home hammered last night and made the biggest wastevestment in blackberry stock. I black in this morning and found that the stock's already down 3 points!
by paccomando September 20, 2010
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