Dead Shares
. In theatrical sharing companies three or more supernumerary shares are so called. The manager has one or more of these shares for his expenses; a star will have another; and sometimes a share, or part of a share, is given to an actor who has brought down the house, or made a hit.
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Entry taken from
Dictionary of Phrase and Fable,
edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.