| 1. | an elected official or group of officials, as a legislator, continuing in office during the period between an election defeat and a successor's assumption of office. |
| 2. | a president who is completing a term of office and chooses not to run or is ineligible to run for reelection. |
| 3. | a person finishing a term of employment after a replacement has been chosen. |
| 4. | anything soon to be supplanted by another that is more efficient, economical, etc. |
| 5. | a person or thing that is disabled, helpless, ineffective, or inefficient. |
| 6. | a person who has lost a great deal of money in speculations on the stock market. |
