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Job Lot

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job lot
In commodities trading, the quantity of a commodity that is smaller than what is specified in a standard contract.

Job Lot
In commodities, a small number of units. For example, one may refer to 10 or 20 barrels of oil as a job lot. These are used primarily in futures contracts in which both parties are interested in trading in small numbers.


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To serve as a reminder that retailers go out of business, Friedman read off a list that included Job Lot, Kiddie City, Trader Horn, Martin Paint and Preferred Seating.
Also, the company announced a major restructuring in August 1990 that included a plan to repurchase $60 million worth of its stock, a 20 percent reduction of the corporate staff and closure of 14 Job Lot Pushcart stores in New York City.
Marquee customers include American Eagle Outfitters, The Children's Place, Deutsche Woolworth, Ocean State Job Lot, Pacific Alliance and Federated Department Stores.
 
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