sub-penny pricing
n.— «Sub-penny pricing could well occur if some are “tempted to split Mr. Lincoln into further pieces,” Grasso warned. He said “that would be tantamount to a neutron bomb” for U.S. markets and could hurt investors if it causes widespread execution problems.» —“NYSE’s Grasso Sees Securities Modernization Bill In 2001″ by Judith Burns Dow Jones News Service Oct. 26, 2000. (source: Double-Tongued Dictionary)
Further reading
What if, instead of being an inanimate object, a dictionary were alive? That’s the idea behind a lavishly illustrated new children’s book called The Dictionary Story (Bookshop|Amazon) by Oliver Jeffers and Sam Winston. This is part of a...
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