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decimalization |
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Decimalization The process of changing the prices that securities trade at from fractions to decimals. Notes: The reasoning behind this was to make prices more easily understood by investors, and to bring the United States into conformity with international practices.Decimalization The quotation and trading of stock or bond prices in decimals, as opposed to fractions such as eighths.
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In addition, decimalisation was instigated in 1858 adding still further to the complexity of working out the value of coins in daily use. |
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