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eighther

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eighth

[eytth, eyth]
–adjective
1. next after the seventh.
2. being one of eight equal parts.
–noun
3. an eighth part, esp. of one ( 1/8 ).
4. the eighth member of a series.
5. Music. octave.
–adverb
6. in the eighth place; eighthly.

Origin:
bef. 1000; ME eightethe, OE eahtotha; c. OHG ahtoda, ON āttandi, Goth ahtud-. See eight, -th 2
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

eighth

One eighth of a point. With bond quotes, an eighth represents 1/8 of a percent. For example, a quote of $90 1/8 indicates 90 1/8% of par, or usually, $901.25 per bond.

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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