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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
  2. ‹ odd
  3. ‹ ODan
  4. ‹ odalisque
  5. ‹ od
  6. ‹ oculomotor
  7. ‹ oculo-
  8. ‹ oculist
  9. ‹ ocular
  10. ‹ octuple
  1. odd man out ›
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  3. oddball ›
  4. oddity ›
  5. oddly ›
  6. oddment ›
  7. odds ›
  8. odds and ends ›
  9. odds-on ›
  10. oddsmaker ›