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English definition of “fractional share”

fractional share

noun [C]     FINANCE
less than one share given to a shareholder , for example , in a scrip issue (= a situation in which a company creates new shares and gives them to shareholders ): Because corporations do not issue certificates including fractional shares , the stockholder would receive one share and the cash equivalent for the fractional share .
(Definition of fractional share noun from the Cambridge Business English Dictionary © Cambridge University Press)
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