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watered stock
(redirected from Stock watering)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

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)
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Devilish tricks go back to the days of Daniel Drew (1797-1879), reputed inventor of stock watering, but without modern toys even Ole Dan'l, who went to jail and died bankrupt for the sheer gall of his business crimes, could not have pulled off the tricks we first saw with Enron.
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The use of state instream flow laws for federal lands: respecting ... by Amos, Adell Louise / Environmental Law
 
 
 
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