Legal Dictionary of Pakistan

Stocks

n. A punishment device consisting of two boards that together form holes for trapping an offender's feet and hands. - Formerly also termed cippi. Cf. BILBOES (1); PILLORY. 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.