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karat definition - finance
A measure of the amount of gold that is in a piece of jewelry. Pure gold is 24-karat. A 14-karat ring, for example, is 1⁄24th gold and 10⁄24th alloy.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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