Also found in: Idioms.
1/16 (0.0625) of one full point in price. Often used in negotiations to compromise an eighth difference, and in options trading.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved