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 periodicals archive ?
Part of the re-education is, eighthly, the emphasis the Okwara sisters place on women's economic independence.
Eighthly, intellectual property rights will transfer to government if it is required to take over the operation for whatever reason.
Eighthly, they demanded the clarification on process of management and operation as well as ownership of financial institutions in Libya.
For an even richer filling without symmetry, there is EIGHTHLY.