fractional share
noun[C]
FINANCEukusless than onesharegiven to ashareholder, forexample, in ascripissue(= asituationin which acompanycreatesnewsharesand gives them toshareholders):
Becausecorporationsdo notissuecertificatesincludingfractionalshares, thestockholderwouldreceiveoneshareand thecashequivalentfor thefractionalshare.