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If you purchase shares between the Record Date and the Payable Date, you are entitled to receive an amount of split shares equal to the shares you purchased.
Financial and business terms. 2012.
Split share corporation — A split share corporation is a corporation that exists for a defined period of time to transform the investment return (capital gains, dividends, and possibly also profits from the writing of covered options) and risk of a basket of shares of… … Wikipedia
share split — ➔ split2 * * * share split UK US noun [C] UK FINANCE, STOCK MARKET ► STOCK SPLIT(Cf. ↑stock split) … Financial and business terms
share — Shares represent a slice in the ownership of a company. Financial Services Glossary The authorised share capital of a company is divided into a number of equal parts. Each part is called a share. See ordinary shares, preference shares, securities … Financial and business terms
split stock — (1) purchases or sales shared with others. (2) Division of the outstanding shares of a corporation into a large number of shares. Ordinarily, splits must be proposed by directors and approved by shareholders. Bloomberg Financial Dictionary * * *… … Financial and business terms
split — [split] vt. split, splitting [MDu splitten, akin to MHG splīzen < IE base * (s)plei , to split, crack > FLINT] 1. to separate, cut, or divide into two or more parts; cause to separate along the grain or length; break into layers 2. to break … English World dictionary
share split — Also known as a stock split. The division of a company s existing shares into more shares. The proportionate equity of each shareholder remains the same. In a 2 for 1 split, each shareholder would receive an additional share for each share… … Law dictionary
Split — Split, n. 1. A crack, rent, or longitudinal fissure. [1913 Webster] 2. A breach or separation, as in a political party; a division. [Colloq.] [1913 Webster] 3. A piece that is split off, or made thin, by splitting; a splinter; a fragment. [1913… … The Collaborative International Dictionary of English
share — [n] portion, allotment allowance, apportionment, bite, chunk, claim, commission, contribution, cut, cut in, cut up, divide, dividend, division, divvy*, dose, drag*, due, end, fiftyfifty*, fraction, fragment, halver, helping, heritage, interest,… … New thesaurus
share — n 1: a portion belonging to, due to, or due from an individual a joint tortfeasor is liable for her share of the damages; specif: the part allotted or belonging to one of a number owning together any property or interest the share of a joint… … Law dictionary
split — 1 vb split, split·ting: to divide into parts or portions: as a: to divide into factions, parties, or groups b: to mark (a ballot) or cast or register (a vote) so as to vote for candidates of different parties c: to divide (stock) by issuing a… … Law dictionary
