TERMIUM Plus®

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FRACTIONAL SHARES [3 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2001-09-25

English

Subject field(s)
  • Finance
  • Commercial and Other Bodies (Law)
CONT

eliminate fractional shares.

OBS

corporation.

French

Domaine(s)
  • Finances
  • Organismes commerciaux ou non (Droit)
CONT

éliminer le fractionnement d'actions.

Spanish

Save record 1

Record 2 2000-11-21

English

Subject field(s)
  • Investment
  • Stock Exchange
CONT

Sometimes the custodian also serves as the fund's registrar and transfer agent maintaining records of who owns the fund's shares. This duty is complicated by the fact that the number of outstanding shares is continually changing through sales and redemptions. Fractional share purchases and dividend reinvestment further complicate this task.

French

Domaine(s)
  • Investissements et placements
  • Bourse
CONT

Parfois le dépositaire assure également les fonctions d'agent comptable des registres et d'agent des transferts et tient un registre des actionnaires du fonds. Cette tâche est d'autant plus compliquée que le nombre d'actions en circulation change constamment en raison des ventes et des rachats. D'autre part, les achats de rompus d'actions et les réinvestissements de dividendes ajoutent encore de la difficulté.

Spanish

Save record 2

Record 3 1988-01-11

English

Subject field(s)
  • Stock Exchange
CONT

Since no certificates for fractional shares were issued, delivery of a fractional share will be paid by cheque made out by the deliveror based on the closing sale price of the shares on the ME [Montreal Exchange] on the day of exercise.

French

Domaine(s)
  • Bourse
CONT

Puisqu'aucun certificat de fraction d'actions n'a été émis, la livraison de toute fraction d'actions susmentionnées sera faite par chèque émis par le membre livreur basée sur le cours vendeur de clôture desdites actions à la Bourse de Montréal.

Spanish

Save record 3

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© Public Services and Procurement Canada, 2026
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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