Home > Term: fraction
fraction
(1) Also: odd lot. In share trading, a number of share units which is smaller than the number of units usually traded, as distinguished from the round lot, which is a multiple of the trading unit.
(2) In bond and rights trading: fractional item.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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