Fraction
/ˈfrækʃən/
Definitions
- (n.) A proportional part of a whole, often referring to ownership interests or shares in legal contexts such as property or corporate stock.
Each shareholder holds a fraction of the company based on their investment.
- (n.) A quotient representing a division of rights or obligations in contracts or inheritance.
The estate was divided into fractions according to the will's instructions.
Commentary
In legal usage, 'fraction' commonly denotes a proportional ownership or division, crucial for clarity in contracts and property law.