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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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