Odd-lot meaning

A quantity that differs from a standard trading unit, especially an amount of stock of fewer than 100 shares.
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An amount smaller than the usual unit of trading; specif., a quantity of fewer than 100 shares of stock in a transaction.
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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.
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(economics) A block of shares of stock that is not a multiple of some number, usually 100.
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(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.

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