less than onesharegiven to ashareholder, forexample, in ascripissue(= asituationin which acompanycreatesnewsharesand gives them toshareholders):Becausecorporationsdo notissuecertificatesincludingfractionalshares, thestockholderwouldreceiveoneshareand thecashequivalentfor thefractionalshare.(Definition offractional sharefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesoffractional share
fractional shareDepending on the company, the plane may be split into 16ths or even 32nds of afractionalshare.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Afractionalsharegives the owners certain privileges, such as a number of days or weeks when they can use the property.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.By the inquiries of other creditors whosefractionalsharehad been diminished by this, the matter came to light.FromProject GutenbergAfractionalshareof this inheritance secured to our historian the liberty of action so necessary for the accomplishment of his great design.FromProject GutenbergAnd just like when dividends are reinvested, optional cash purchases are for fractional shares to 3 or 4 decimal places.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Investors will sometimes receive cash payments in lieu of fractional shares.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Shares in the fund were $100 each, with dividends paid as additional fractional shares in the account, keeping the value of each fund share at a constant price.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The utility derived from fractional shares is computed as the utility of share-weighted returns.From theCambridge English CorpusNow it would appear that the full duty is to be paid on fractional shares—it may be a half or a quarter.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/fractional-share##
