stock split

The issuance of two or more new shares in exchange for each old share without changing the proportional ownership interests of each shareholder.

• For example, a 3-for-1 split would give an owner of 100 shares a total of 300 shares, or 3 shares for each share previously owned. A stock split lowers the price per share and thus makes the stock more attractive to potential investors.

— Also termed share split. [Cases: Corporations 66. C.J.S. Corporations §§ 177–179.]

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双语律师Terence，国际知名法学院法律专业，擅长翻译各类与油气、资源与采矿业相关的法律文件。