Decimalization

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Decimalization

The quotation and trading of stock or bond prices in decimals, as opposed to fractions such as eighths.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Decimalization

1. The process of changing listings of security prices from fractions to decimals. Decimalization makes prices and the market easier for investors and laypeople to understand.

2. In the United Kingdom, the process of changing the calculation of the pound sterling to a decimal system. Prior to 1971, the UK had a very complex way of calculating subdivisions of the pound. Since then, the currency has been decimalized into 100 pence.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

decimalization

The transition of security prices being quoted in decimals rather than fractions. Decimalization in U.S. markets started in fall 2000 with exchange-listed stocks and was completed in April 2001 with Nasdaq stocks. Studies during the transition indicated that moving to decimals benefited investors by reducing the bid-ask spreads.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
She does not explain formulas for doing so, but instead covers reasons to weed the collection, preparation, and sample guidelines, then how to weed each subject area of the Dewey Decimal System, the reference collection, media, magazines and newspapers, ebooks, and databases, as well as youth collections.
Still, our obsession with big round numbers based on the fact that humans developed a decimal system of counting primarily thanks to our number of fingers carries a lot of weight, so cannot be ignored.
It's widely known that 32 degrees F corresponds to zero degrees centigrade, but when it comes to converting the two measures, that's where the problem starts because one must first subtract 32 from the Fahrenheit temperature and then multiply the result by five, and then divide the product by nine to obtain the centigrade, which in America is called Celsius, the name of the Swedish physicist Anders Celsius, who in 1742 developed the decimal system (18 years after the German Gabriel Daniel Fahrenheit created the system that bears his name).
Inventions He mentioned that inventions in the field of Mathematics, Science, Astronomy and the introduction of the number zero and the decimal system had their roots in Sanskrit.
Undergrads unfamiliar with the Dewey Decimal System no longer need to worry.
ANNA Before the introduction of the decimal system in 1957, India's monetary system consisted of rupee and anna.
Other volunteers who are interested in, for instance, helping out in the library would be trained in the Dewey Decimal system.
They learn to navigate the Dewey Decimal System and ask the librarian for information.
Among other topics, Tammet explores the many challenges of counting, from how Anne Boleyn might have coped with the decimal system if she had an extra finger, as was rumored, to how Icelanders have a raft of different words for enumerating one to four, depending on what exactly is being counted.
It began to disappear when we converted to the decimal system in 1957," he adds.