round lot
round lot definition - finance
In
the stock market, an order of at least 100 shares, or one that is in 100-share
increments. In contrast, an odd lot is an order for some amount that is not
divisible by 100 shares. In the money market industry, a round lot is the
minimum amount that bondÂ’s prices are quoted in. This amount may range from
$100,000 to $50 million, depending on the issue, its size, and liquidity.
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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