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odd lot Definition

odd lot

noun

an amount smaller than the usual unit of trading; specif., a quantity of less than 100 shares of stock in a transaction

odd lot Related Forms
odd·-lot adjective
odd lot 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.

Browse dictionary entries near odd lot

  1. Odd Fellow
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  7. oculo-
  8. oculist
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  1. odd man out
  2. odd-pinnate
  3. oddball
  4. oddity
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  9. odds-on
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