odd lotodd lot
(plural odd lots)
- (economics) A block of shares of stock that is not a multiple of some number, usually 100.
- (economics) A set of leftover goods, of a quantity less than an evenly divisible shippable unit, often sold at reduced price.
- Everard liked to shop at the stores specializing in odd lots down by the docks, as he was a cheapskate.
odd lot - Investment & Finance Definition
In the stock market, a trade that isn’t divisible by 100. In the money market, an odd lot is a trade that doesn’t meet the minimum amount required for dealers’ quotes. The minimum ranges from $100,000 to $50 million, depending on the size and liquidity of the issue traded. Odd lots in the futures markets vary depending on the contract. The opposite is a round lot, which is exactly 100 shares.