noun
teenie
noun
1
A sixteenth of a dollar — an old fractional unit once used to quote and trade stock prices before decimalization.
"Back before decimal pricing, a stock might move up or down by a teenie."
"Traders used teenies and eighths long before prices were quoted in cents."
How to Use Teenie
Learner’s notesIn plain EnglishAn old trading term for one-sixteenth of a dollar, used when stock prices were quoted in fractions rather than decimals.
Common mistake
This is a finance term, not a variant spelling of "teeny" (meaning tiny) — the two are unrelated in meaning despite looking similar.
Easily confused with
Word Forms
teenies plural
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Back before decimal pricing, a stock might move up or down by a _____.
Etymology
A playful shortening of "sixteenth" with the diminutive ending "-ie" tacked on.