watered stock

Cultural  

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

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Example Sentences

Without that growth, Big Steel itself might have foundered in its own watered stock after the company was created by Banker Morgan at the turn of the century.

From Time Magazine Archive

From this practice came the financial term "watered stock."

From Time Magazine Archive

Whatever has been urged against the proposed Nickel Plate merger, charges of "watered stock" or inflated capitalization have been conspicuous for their absence.

From Time Magazine Archive

There has been legitimate objection to such things as unfair profits as, for example, profits on watered stock or salaries which are out of proportion to services rendered.

From Time Magazine Archive

These rival nations do tell their business men that if they issue watered stock or cheat the people in any way, prison cells will be their homes.

From The Art of Public Speaking by Carnagey, Dale