Odd lot

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Odd lot

A trading order for less than 100 shares of stock. Compare round lot.

Odd Lot

A set of less than 100 shares. Most securities are traded in sets of 100, which are called round lots. An odd lot order may be difficult to fill because, for example, a broker trying to buy 36 shares may have a hard time finding another broker selling 36 shares or one selling 100 shares who is willing to partially fill the order with those 36. See also: Odd-Lotter.

odd lot

A unit of trading in securities that is made up of fewer than 100 shares of stock or $25,000 face amount of bonds. Also called lot. Compare round lot. See also effective sale, on-the-quotation order.

Odd lot.

The purchase or sale of securities in quantities of fewer than the standard trading lot -- 100 shares of stock or $1,000 worth of bonds -- is considered an odd lot.

At one time, trading an odd lot might have cost you a slightly higher commission, but in the electronic trading environment that's generally no longer the case.

References in periodicals archive ?
The odd-lot prices in this new service are derived using S&P Capital IQ's Securities Valuation, Pricing and Data group's proprietary methodologies and market data including inputs provided by the BondDesk alternative trading system (ATS).
The new Odd-Lot Valuations service includes "bid" and "ask" prices, as well as ranges around those prices that indicate opinions of where retail trades may occur.
Annual General Meeting, based on the holdings of Odd-lots as at 4 March
Technical indicators of individual investor behavior using odd-lot short selling have been widely studied.
announced today that its Board of Directors had unanimously approved an Odd-Lot tender offer to commence on April 2, 2007, after the Company's earnings report and Form 10-K are released on or about March 30, 2007.
This offer by Blue Earth to repurchase odd-lots is being made in an attempt by Blue Earth to reduce the effort and expense in communicating and servicing a large number of shareholders who own a small number of shares.
Nasdaq:FFBI) announced today that it has revised the terms of the priority being given to odd-lot holders in its previously announced self-tender offer.
Information about the odd-lot program will be mailed to eligible shareholders.
Shareholder Communications Corporation, a specialist in the design and implementation of odd-lot programs, will administer and manage the program for the Company and expects to mail program materials to stockholders by November 12, 1997 based on their holdings as of November 6, 1997.
The Company will maintain its offer to repurchase said odd-lots for the forty-five days immediately following the Effective Date.
BULLETIN BOARD: RSVI) announced today a clarification to the odd-lot preference in its previously-announced modified Dutch Auction tender offer for up to 202,000 shares of its common stock.
19 /CNW-PRN/ - NOVA Corporation (NOVA) announced today that it has launched an odd-lot program to enable holders of 99 or fewer common shares of NOVA Corporation to sell their shares without incurring any brokerage commissions.