Round lot

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Round lot

A trading order typically of 100 shares of a stock or some multiple of 100. Related: odd lot.

Round Lot

1. 100 shares of a stock or other security.

2. $1,000 or $5,000 in bonds.

Most trading takes place in multiples of round lots.

round lot

The standard unit of trading in a particular type of security. For stocks, a round lot is 100 shares or a multiple thereof, although a few inactive issues trade in units of 10 shares. For corporate, municipal, and government bonds, a round lot is usually considered to be $100,000 of principal amount of securities per trade. Customers involved in securities transactions in lots other than round lots are often penalized somewhat because the trades require more broker and dealer effort. Also called even lot, lot, normal trading unit. Compare odd lot.

Round lot.

A round lot is the normal trading unit for stocks and bonds on an organized securities exchange or market, also called a trading platform.

For example, shares of stock traded in multiples of 100 are typically considered round lots, as are bonds with par values of $1,000 and $5,000.

References in classic literature ?
In fact, he wheeled wholly round, and commenced a step or two, as if designing to enter the shop; but, as it chanced, his purpose was anticipated by Hepzibah's first customer, the little cannibal of Jim Crow, who, staring up at the window, was irresistibly attracted by an elephant of gingerbread.
Besides, there is no encouragement for ghosts in most of our villages, for they have scarcely had time to finish their first nap and turn themselves in their graves, before their surviving friends have travelled away from the neighborhood; so that when they turn out at night to walk their rounds, they have no acquaintance left to call upon.
The boy was a handsome, bright-eyed mulatto, of just Henrique's size, and his curling hair hung round a high, bold forehead.
She kissed me gently: I was all flour making the Christmas cake, and it would not have done to give me a hug; and then she looked round for Heathcliff.
After making that discovery, she went round to the back of the house, and ascertained that the door on that side was secured in the same manner.
What can I say to her, when Em'ly tied a ribbon off her own neck round little Minnie's the last night she was here, and laid her head down on the pillow beside her till she was fast asleep
and the man's eyes looked at me, and then looked over my head, and then looked all round me, and then he drew his hand across his lips and laughed.
The lives of those rural forefathers, whom we are apt to think very prosaic figures--men whose only work was to ride round their land, getting heavier and heavier in their saddles, and who passed the rest of their days in the half-listless gratification of senses dulled by monotony--had a certain pathos in them nevertheless.
The day,'' said Waldemar, ``is not yet very far spent let the archer's shoot a few rounds at the target, and the prize be adjudged.
Then he went the rounds and saw, as he said, that all was clear.
He looked down and saw the policeman going his rounds and flashing the long beam of his lantern on the doors of the silent houses.
Don Quixote passed on to the fourth, a man of venerable aspect with a white beard falling below his breast, who on hearing himself asked the reason of his being there began to weep without answering a word, but the fifth acted as his tongue and said, "This worthy man is going to the galleys for four years, after having gone the rounds in ceremony and on horseback.