Daily Almanac for
May 27, 2012
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Dictionary


phan'tom stock'




an employee bonus expressed as the cash value of a specified amount of company stock to be received at a future date, meant to create employee interest in raising stock prices without giving any stock away.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

phantom limb pain-phany
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