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PERSONAL FINANCE GLOSSARY

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Current TermSplit
Split
Sometimes, companies split their outstanding shares into larger number of shares. If a company with one million shares did a two-for-one split, the company would have two million shares. An investor, for example, with 100 shares before the split would hold 200 shares after the split. The investor's percentage of equity in the company remains the same.
† ©CBS MarketWatch

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