eighth

(redirected from 8)
Also found in: Dictionary, Thesaurus, Acronyms, Wikipedia.

Eighth

One eighth of a point or dollar. Prior to the decimalization of quotes, one might find a quote for so many eighths of a dollar. See also: Drill bit.

eighth

One eighth of a point. With bond quotes, an eighth represents 1/8 of a percent. For example, a quote of $90 1/8 indicates 90 1/8 % of par, or usually, $901.25 per bond.