Odd lot

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Related to odd-lot: Odd Lot Theory

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 ?
BB&T Corporation (NYSE: BBT) will offer an odd-lot program to provide its shareholders with an alternate way to either round their holdings up to 100 shares or sell all their shares.
Daily odd-lot short selling is examined for the period 1970 through 1995 using a generalized autoregressive conditional heteroscedatic (GARCH) model.
The Company intends to mail the Odd-Lot Buy Back Program materials to eligible shareholders on or about May 1, 2012.
These services include tailored Shareholder Asset Reunification Programs, Odd-lot Buybacks, and Mutual Fund Proxy Solicitation Services.
Commodity supply chain company MFC Industrial Ltd (NYSE:MIL) on Tuesday announced an amendment to its odd-lot share repurchase programme, under which, the expiry date has been extended to 2 July 2012.
It costs a company with 50,000 or fewer shareholders an average of $15 per year per stock owner to service each account, said Michael Macleod, senior vice president in the odd-lot division of Shareholder Communications Corp.
NYPPEX reports that odd-lot secondary prices for Twitter, Inc.
If after the completion of the odd-lot tender offer, we have fewer than 300 shareholders of record, we expect that our Board of Directors will elect to deregister the Company's common stock with the U.
Colonial") (OTC Bulletin Board: "CCOM," "CCOMP"), today announced that it has extended to December 31, 2008 the odd-lot tender offer it made on September 2, 2008.
When we conducted odd-lot trades before implementing BondDesk, it was a manual process involving calls to the dealer.
a shareholder communications firm specializing in abandoned property and odd-lot buyback programs on behalf of publicly held companies and transfer agents.
Information about the odd-lot program will be mailed directly to eligible shareholders.