幽ゆう霊れい株かぶ

noun

watered stock; bogus shares

Financial term for shares issued without real capital backing, often in fraudulent or inflated schemes. The word literally means 'ghost shares'.

• その会かい社しゃは幽ゆう霊れい株かぶを発はっ行こうして資し金きんを集あつめていたことが発はっ覚かくした。

  It was discovered that the company had been issuing watered stock to raise funds.

• 幽ゆう霊れい株かぶの存そん在ざいが明あきらかになり、株かぶ価かは急きゅう落らくした。

  The existence of bogus shares came to light, and the stock price plummeted.