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Fractional rights

Term used in the securities business for subscription rights which are not sufficient to subscribe to a whole new share. The shareholder can either purchase additional rights on the market to buy whole new shares or can sell their fractional rights at the prevailing market price.

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Industry/Domain: History Category: World history

Narva, Battle of

Battle of the Great Northern War, fought 30 November 1700, when Peter the Great's army was routed by an outnumbered Swedish force under Charles XII.