Meaning of “split share” in the English Dictionary

business-english dictionary

"split share" in Business English

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split sharenoun [ C ]

uk us FINANCE, STOCK MARKET

one of a group of shares that has been divided into smaller shares to make them easier to sell at a lower price:

If you purchase shares between the Record Date and the Payable Date, you are entitled to receive an amount of split shares equal to the shares you purchased.
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(Definition of “split share” from the Cambridge Business English Dictionary © Cambridge University Press)