Steenth


Also found in: Idioms.

Steenth

1/16 (0.0625) of one full point in price. Often used in negotiations to compromise an eighth difference, and in options trading.

Steenth

Informal; one-sixteenth (1/16, 0.0625). Steenth is a term often used in options trading, as well as other price negotiations. It is also called a teenvo.
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