Definition of Pyrrhic Victory

What is a pyrrhic victory? what is the definition of the term pyrrhic victory?

The term "pyrrhic victory" refers to a victory that has come at a great cost, either monetary or otherwise. The "Pyrrhic victory" is so destructive to even the victor that another battle, even if it resulted in another victory, would be unimaginable due to the extremely high cost.

Definition of the term - Pyrrhic Victory in financeThe term "pyrrhic victory" comes from King Pyrrhus of Epirus after his army defeated the Romans at Heraclea in 280 BC and Asculum in 279 BC during the Pyrrhic War.

Pyrrhus said at the time that "one more such victory would utterly undo him" due to the heavy losses that his army had suffered in the conflict.

A "pyrrhic victory", in the financial world, could be used to describe a successful fending off of a hostile takeover that ends up costing untold amounts in legal fees.

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