sixteenth


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Related to sixteenth: sixteenth note, seventeenth, eighteenth

Sixteenth

1. In bonds, 0.0625% of one point. This is used when quoting bond prices. For example, a bond may have the price of 95 3/16 points, meaning that the bond is selling for 95.1875% of its par value.

2. In stocks, 0.0625% of one dollar. This format was used when stocks were quoted in fractions instead of decimals. It is less common today.

sixteenth

One sixteenth of a point. For bond quotes, a sixteenth represents 1/16 of 1%. Thus, a bond quoted at 98 1/16 would indicate a price of 98 1/16 % of par, or $980.62.
References in periodicals archive ?
Best articulated by the followers of the Wang Yangming school of Confucianism in the sixteenth century, late imperial conceptions of childhood were deeply informed by the Daoist belief that an embryo of innocence, purity, and spontaneity is innate in all humans throughout the life course, and that it must constantly be nurtured, revived, and restored by medical and meditative practices.
German universities typically had only three or four professors of both law and medicine in the sixteenth century in faculties of twenty and more.
One title dated from the sixteenth century, at least sixteen from the seventeenth century, and over forty titles from the eighteenth century.
A sense of contingency filtered into literary style as the sixteenth century progressed; it even became a syntactical method.
It might have been useful to include some material from the many motet books published in the middle years of the sixteenth century by printers active in German-speaking areas, such as the firms of Petreius, Ott, Berg and Neuber, or Gerlach.
The book ostensibly covers the period 1550-1750, although it is clear that the author's heart is really with the sixteenth and seventeenth centuries, so that the eighteenth century comprises a sort of coda in most of the chapters.
In a majority of other countries (except Italy) more or less valuable book collections of the fifteenth and sixteenth centuries are almost exclusively the result of purposeful effort, while in Germany they formed naturally.
The study under review is just as Gargantuan in its scope as it claims to survey five centuries of French literature and examine how various writers, from the twelfth to the sixteenth century, conceived temporality and produced works of art which somehow translate both their own vision and the dominant mental structures of their Zeitgeist.
She wants to start again by attempting a holistic approach to the processes of courtship which explores "the ful l range of constraints and considerations that might affect even the humblest" (3) and by focusing sharply upon the sixteenth century--the first period for which these matters can be studied in sufficient depth and detail.
The first section on continuity and innovation in French poetry raises the question of the collaborative nature of the arts and other disciplines, including poetry set to music, the connectedness of music and mathematics, the visual aspects of Renaissance poetry, arts rhetoriques, and what might be called the ethics of poetry in the early sixteenth century.
Elsewhere Davis makes it clear that offerings of gifts of food and drink were among the most common forms of gift exchange in the sixteenth century, and it is no accident that sociability and commensality have always gone hand in hand in a nearly universal symbiotic relationship.
While I do not wish to posit the opposite argument, it certainly would be a worthy hypothesis to entertain that our modern sensibilities have become the opposite of those of the sixteenth century, where public torture and societal violence could at the very least be tolerated in official ideology (see the recent study, also investigating art and religion in terms of violence, by Mitchell Merback, The Thief, the Cross and the Wheel [1998] subtitled "Pain and the Spectacle of Punishment in Medieval and Renaissance Europe").