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1 In the UK, a fixed-interest security (see gilt-edged security) issued by the government, local authority, or a company in fixed units, often of £100 each in the UK and $1,000 in the USA. They usually have a redemption date on which the par value of the unit price is repaid in full. They are dealt in on stock exchanges at prices that fluctuate, but depend on such factors as their yield in relation to current interest rates and the time they have to run before redemption. See also tap stock.

2 The US name for an ordinary share.

3 The stock-in-trade of an organization.

4 Any collection of assets, e.g. the stock of plant and machinery owned by a company.

Subjects: Economics.

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