watered stock

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

Example Sentences

Noah was the largest individual holder of watered stock during his age.

From Project Gutenberg

As for watered stock, I know all the sophistical arguments, and they are many, for capitalizing earning capacity.

From Project Gutenberg

Neither the green goods, nor the bogus capital called watered stock represents a dollar in real value.

From Project Gutenberg

The main evil of watered stock lies not in the presence of water, but in the concealment or coloring of that liquid.

From Project Gutenberg

The "granger" element, for instance, would cut off the holder of "watered stock" with a shilling.

From Project Gutenberg