单词 | cash-in-lieu |
释义 | cash-in-lieu in Finance (kæʃ ɪn lu) noun PronunciationNote the pronunciation of "lieu" in this term. Although it is a French word, meaning"place", it is not pronounced in the French way. (Finance: Investment, Stocks) Cash-in-lieu is payment of cash instead of stock when a stock splits or changes and the shareholder only owns a partial share. Shareholders must complete and return the form with the securities in order to receivecash-in-lieu payment or exchanged securities. Whole shares were issued, and partial shares were paid cash-in-lieu of shares. Cash-in-lieu is payment of cash instead of stock when a stock splits or changes and the shareholderonly owns a partial share. |
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