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Nil Paid
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Nil paid refers to shares on which no payment has yet been made, but which are being dealt in on a stockmarket.
Nil paid shares usually arise from a new issue or a rights issue.
Because the price at which a rights issue is made is at a discount to the market price of the existing shares, the rights issue shares have a value in their own right.
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Last Updated: June 2007 © Moneyextra.com
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