also: くうかぶ
fictitious stock; watered stock
Rare financial term for shares that exist on paper but lack real capital backing. Mostly encountered in historical or legal contexts.
In the prewar financial world, fictitious stock sometimes became a problem.
Issuing watered stock is strictly regulated under current corporate law.
Standard kanji spelling for the common reading からかぶ.
Alternate reading くうかぶ; much less common than からかぶ.
Compound of 空 (から, 'empty') and 株 (かぶ, 'stock'). The reading くうかぶ uses the on'yomi of 空.