watered stock

Cultural Dictionary

watered stock definition


Stock issued at an inflated price — that is, a price not warranted by the assets of the issuing company.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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WordNet
watered stock

noun
stock representing ownership of overvalued assets; stock of a corporation whose total worth is less than its invested capital 
WordNet® 3.0, © 2006 by Princeton University.
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