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English definition of “split share”

split share

noun [C]     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. → See also split stock
(Definition of split share noun from the Cambridge Business English Dictionary © Cambridge University Press)
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