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of existing stock routes, reserves, RLPB boundaries and stock watering places was available, replacing the large, out-of-date and often fragile sheet maps.
In 2005, Washington State Attorney General Rob McKenna further clarified stock watering or livestock watering and issued an opinion adding more flexibility to water usage requirements that allowed ranchers to draw an adequate amount of water daily for their livestock.
However, on November 12th, Washington State Department of Ecology Water Resources Director Ken Slattery, without any discussion or warning, widely distributed the above mentioned restrictive stock watering interpretation letter to the agricultural community and the media in Washington State.
Funding will help farmers and landowners upstream of Glaisdale to fence off river banks to provide alternative stock watering facilities.
Products: Farm buildings, grain bins, Berico grain dryers, Farmaster/Big Valley/Agstar/Universal/ PolyTuff/Horseman's Choice/Behlen Country gates, fencing, hay feeders, stock watering tanks, bulk feed tanks, squeeze chutes and cattle-handling equipment