fractional shares

Ritz-Carlton was selling fractional shares of its 54 residences next door.

Cash will be paid in lieu of fractional shares.

Investors will sometimes receive cash payments in lieu of fractional shares.

Shareholders also received a cash payment in lieu of any fractional shares.

Indigo also is marketing its service to the growing number of companies that own fractional shares in corporate jets.

Fractional shares distributes these annual costs across several owners, who pay for and benefit from the asset.

In reality, fractional shares usually cannot be bought or sold, and some assets have minimum orders sizes.

Mutual funds, by contrast, allow dividends to be reinvested in fractional shares, and the service is generally free.

Developers say they are confident fractional shares will appreciate, as long as the resorts distinguish themselves from other properties.

Acreage: An area, measured in acres, that is subject to ownership or control by those holding total or fractional shares of working interests.

The purpose of the law was to consolidate these fractional shares under tribal ownership so that the land could be put to an economically efficient use.

(Investors received cash for their fractional shares.)

Like time shares, fractional shares can be bought as deeded properties, rented out, shared with friends, sold or left to someone in a will.

Many travelers stranded last week had alternatives, jets their companies own outright, or jets in which they have purchased fractional shares.

Marquis buys fractional shares in 11 models of NetJets planes - it won't say exactly how many - and then sells time on those jets.

And just like when dividends are reinvested, optional cash purchases are for fractional shares to 3 or 4 decimal places.

A bank or other fiduciary having legal title to a mortgage may sell fractional shares to investors, thereby creating a participating mortgage.

In fact, Bombardier, which sells fractional shares under a program called Flexjet, advertises to potential customers, "Leave the details to us."

Multimillion-dollar estates, rare art, luxury cars and fractional shares in private jets are among the more popular items coveted by Wall Street's masters of the universe.

According to Mr. Vick, it caters to the increasing number of corporations that fly their own jets or own fractional shares in such aircraft.

This enabled the investor to set a pre-determined dollar amount for monthly investing and accumulate both whole and fractional shares of stock as the program executed.

In recent years, the corporate jet industry grew about 30 percent annually, spurred by the increasing popularity of programs that allow corporations to buy fractional shares in private jets.

But in the last few years, 1,600 companies or individuals have bought "fractional shares" in business jets, an ownership arrangement akin to buying a week at a time-share condominium.

Shares in the fund were $100 each, with "dividends" paid as additional fractional shares in the account, keeping the value of each fund share at a constant price.

Last year, the trade group said, there were 6,217 holders of fractional shares, in which companies or individuals purchase what are essentially time-shares in a plane rather than buying it outright.