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 ?
It was wholly in the lower ice, but close against the upper, and was flattish, or perhaps slightly lenticular, with a rounded edge, a quarter of an inch deep by four inches in diameter; and I was surprised to find that directly under the bubble the ice was melted with great regularity in the form of a saucer reversed, to the height of five eighths of an inch in the middle, leaving a thin partition there between the water and the bubble, hardly an eighth of an inch thick; and in many places the small bubbles in this partition had burst out downward, and probably there was no ice at all under the largest bubbles, which were a foot in diameter.
Mr Lammle came on the scene last, for he was always late, and so were the frequenters always late; all hands being bound to be made late, by private information about the Bourse, and Greek and Spanish and India and Mexican and par and premium and discount and three quarters and seven eighths.
They have learned that it is the solar eighth ray which propels the light of the sun to the various planets, and that it is the individual eighth ray of each planet which "reflects," or propels the light thus obtained out into space once more.
He talked with his voice rising slowly, through the greater part of the eighth and ninth days-- threats, entreaties, mingled with a torrent of half-sane and always frothy repentance for his vacant sham of God's service, such as made me pity him.
During that triumvirate of kings, King Henry the Eighth of England, Francis the First King of France, and Charles the Fifth Emperor, there was such a watch kept, that none of the three could win a palm of ground, but the other two would straightways balance it, either by confederation, or, if need were, by a war; and would not in any wise take up peace at interest.
Then, within the eighth cave, we came upon a lair of apts.
The eighth are those who execute the different offices of the state, and without these it could not possibly subsist: it is therefore necessary that there should be some persons capable of governing and filling the places in the city; and this either for life or in rotation: the office of senator, and judge, of which we have already sufficiently treated, are the only ones remaining.
The first day, the blood liquefies in forty-seven minutes--the church is crammed, then, and time must be allowed the collectors to get around: after that it liquefies a little quicker and a little quicker, every day, as the houses grow smaller, till on the eighth day, with only a few dozens present to see the miracle, it liquefies in four minutes.
They next made for the first of the great lakes, the one named Tanganayika, situated between the third and eighth degrees of south latitude.
His first cure occurred in the eighth year of his life as a hermit.
The Eighth Street Bridge, crossing an arm of San Antonio Estuary, was the length of three city blocks.
By extending an arm any one of them could have touched the eighth man, who lay on the table, face upward, partly covered by a sheet, his arms at his sides.