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steenth

noun — 2 senses

steenth

noun
1

Business, Finance Informal, Slang Exactly 1/16 (0.0625) of a full price point; it acts as a unit of negotiation to split or compromise on an eighth difference between bid and ask prices.

2

Umpteenth.

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.