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decimalization

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dec⋅i⋅mal⋅ize

  [des-uh-muh-lahyz, des-muh-]
Use decimalization in a Sentence
–verb (used with object), -ized, -iz⋅ing.
to reduce to a decimal system.
Also, especially British, dec⋅i⋅mal⋅ise.

Origin:
1855–60; decimal + -ize

Related forms:
dec⋅i⋅mal⋅i⋅za⋅tion, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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dec·i·mal·ize   (děs'ə-mə-līz')   
tr.v.   dec·i·mal·ized, dec·i·mal·iz·ing, dec·i·mal·iz·es
To change to a decimal system.
dec'i·mal·i·za'tion (-mə-lĭ-zā'shən) n.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Decimalization

The process of changing the prices that securities trade at from fractions to decimals.

Investopedia Commentary

The reasoning behind this was to make prices more easily understood by investors, and to bring the United States into conformity with international practices.

Related Links

Stock Basics Tutorial

See also: Nasdaq, NYSE

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

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 by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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