nounPronunciationNote the pronunciation of "lieu" in this term. Although it is a French word, meaning
"place", it is not pronounced in the French way. ( Finance : Investment , Stocks )
Shareholders must complete and return the form with the securities in order to receive
cash-in-lieu payment or exchanged securities.
Whole shares were issued, and partial shares were paid cash-in-lieu of shares.
Cash-in-lieu is payment of cash instead of stock when a stock splits or changes and the shareholder
only owns a partial share.
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