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 ?
'What is your state of mind, Twenty Eight?' said the questioner in spectacles.
'This does you credit, Twenty Eight,' returned the questioner.
'I have no doubt, Twenty Eight,' returned the questioner, 'that the gentleman you refer to feels very strongly - as we all must - what you have so properly said.
At this stage of the process, some one of the party suggested feathers; but the suggestion was at once overruled by the dwarf, who soon convinced the eight, by ocular demonstration, that the hair of such a brute as the ourang-outang was much more efficiently represented by flu.
The eight ourang-outangs, taking Hop-Frog's advice, waited patiently until midnight (when the room was thoroughly filled with masqueraders) before making their appearance.
SOCRATES: What line would give you a space of eight feet, as this gives one of sixteen feet;--do you see?
SOCRATES: Good; and is not a space of eight feet twice the size of this, and half the size of the other?
"The eight men would doubtless have failed had they not been assisted by twenty soldiers of the regiment of Italians in the king's service, who are in garrison in this town so that your friends were overpowered by numbers."
The town has eight thousand to ten thousand inhabitants.
There is no particle of trimming about this monstrous capote, as they call it--it is just a plain, ugly dead- blue mass of sail, and a woman can't go within eight points of the wind with one of them on; she has to go before the wind or not at all.
For eight days Cornelius and Rosa had not seen each other.
It was important, therefore, to render the place as independent as possible, of the surrounding tribes for its support; and it was accordingly resolved that M'Kenzie, with four hunters, and eight common men, should winter in the abundant country of Wollamut, from whence they might be enabled to furnish a constant supply of provisions to Astoria.