I. A particular type of security, usually quoted in units of £100 value rather than in units of proportion of total capital, as in shares. Stock, or stocks and shares, have now become synonymous with securities, and the original distinction between shares and stock has become blurred. The term stock, however, is now coming to mean exclusively a fixed-interest security, i.e. loan stock in a company or local or central government stock. 2. An accumulation of a commodity. 3. (U.S.) A share in the ownership of a company, i.e. equity.
|Reference: The Penguin Dictionary of Economics, 3rd edt.|