watered stock

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watered stock

n. shares of stock of a corporation which have been issued at a price far greater than true value. In this case, the actual value of all shares is less than the value carried on the books of the corporation. (See: corporation, stock)

References in periodicals archive ?
For the first time in over seventy years an accurate, up-to-date and easy-to-handle format of existing stock routes, reserves, RLPB boundaries and stock watering places was available, replacing the large, out-of-date and often fragile sheet maps.
Luxury of luxuries, I do have a woodfired hot tub made out of a "Scuba" stove ($539) and a 6' stock watering tank ($180).
The agency has offered to bulldoze enough trees to create 37 new stock watering ponds and build 28 miles of fence to keep the cows out of the riparian areas.
This settlement helps address the cleanup of a site that has impacted the headwaters of Strawberry Creek and Ruby Gulch, which are tributaries to Bear Butte Creek and are classified by South Dakota water quality standards as irrigation, fish and wildlife, recreation, and stock watering waters.
Funding will help farmers and landowners upstream of Glaisdale to fence off river banks to provide alternative stock watering facilities.