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)

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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of existing stock routes, reserves, RLPB boundaries and stock watering places was available, replacing the large, out-of-date and often fragile sheet maps.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).
Cook, however, viewed the practices that he now described more sympathetically than he had viewed stock watering. Explaining the rise of corporate mortgages, he observed:
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.
Funding will help farmers and landowners upstream of Glaisdale to fence off river banks to provide alternative stock watering facilities.