watered stock Meaning in the Cambridge English Dictionary
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Meaning of “watered stock” in the English Dictionary

"watered stock" in Business English

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watered stocknoun [C or U]

uk   us   US FINANCE
in the past, a company's ​shares that were shown in its ​accounts at a ​highervalue than a company’s ​realassets, used to ​deceive the ​authorities and possible ​investors: This is an ​industry which has never ​issued watered ​stock.
(Definition of watered stock from the Cambridge Business English Dictionary © Cambridge University Press)
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