odd lot

Odd Lot

An amount of a security that is less than the normal unit of trading for that particular security.

Notes:

For stocks, any transaction less than 100 shares is usually considered to be an odd lot.

See also: Block Trade, Bunching, Odd lot theory, Round lot

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Odd lot

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

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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.