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English definition of “tracking stock”

tracking stock

noun [C or U]
 
 
FINANCE, STOCK MARKET
a company's shares that pay out dividends based on how much profit a particular part of the whole company makes, rather than its main shares: The company issued a tracking stock to highlight the value of a part of the business that had been overlooked.
(Definition of tracking stock from the Cambridge Business English Dictionary © Cambridge University Press)
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