stocks amounting to less than one full share>, usually resulting from splits , acquisitions, exchanges, or dividend reinvestment programs . Bloomberg Financial Dictionary
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fractional share UK US 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.
Financial and business terms. 2012.