eighth

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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.
References in classic literature ?
Ashton, with twenty-five men, pursued, and overtook the savages, and a smart fight ensued, which lasted two hours; but they being superior in number, obliged Captain Ashton's party to retreat, with the loss of eight killed, and four mortally wounded; their brave commander himself being numbered among the dead.
If one of them be a minute late, he will be docked an hour's pay, and if he be many minutes late, he will be apt to find his brass check turned to the wall, which will send him out to join the hungry mob that waits every morning at the gates of the packing houses, from six o'clock until nearly half-past eight.
A student in a white cap met us and introduced us to six or eight friends of his who also wore white caps, and while we stood conversing, two strange-looking figures were led in from another room.
During these eight years my life was uniform: but not unhappy, because it was not inactive.
That we, the neophytes, might have an excess of light shining upon us all at once, orders were given to let out Twenty Eight.
The method is this: in an acre of ground you bury, at six inches distance and eight deep, a quantity of acorns, dates, chestnuts, and other mast or vegetables, whereof these animals are fondest; then you drive six hundred or more of them into the field, where, in a few days, they will root up the whole ground in search of their food, and make it fit for sowing, at the same time manuring it with their dung: it is true, upon experiment, they found the charge and trouble very great, and they had little or no crop.
This matter of fuelling steamers is a serious one at such distances from the coal-mines; it costs the Peninsular Company some eight hundred thousand pounds a year.
Aramis accordingly took the quill, reflected for a few moments, wrote eight or ten lines in a charming little female hand, and then with a voice soft and slow, as if each word had been scrupulously weighed, he read the following:
They were pursued by eight of the light dragoons, who rode into the courtyard before they had time to close the gate.
By laying that you would have the letter from the Comte de Guiche in eight hours.
The merchandise sold to him amounted to eight hundred and fifty- eight dollars, to be paid for, in the following spring, in horses, or in any other manner most acceptable to the partners at that period.
Unfortunately, however, it requires a company of eight persons and-"