Odd lot

Also found in: Dictionary, Wikipedia.
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 ?
said Friday it will allow the holders of fractions of shares, or odd lots, to pay the difference required to make them into whole shares.
NEW YORK, July 13 /PRNewswire/ -- S&P Valuation and Risk Strategies, an independent and analytically separate business unit within Standard & Poor's that provides users with market intelligence and analytic insight for risk-driven investment analysis, has expanded its odd lot securities evaluations capabilities beyond municipal bonds to provide odd lot pricing for U.
Peter Harker, Managing Director of BondDesk Group said, "We are delighted to bring these enhancements to BDI and offer the best fixed income execution and liquidity to the odd lot institutional market.
BURIED ALIVE is a production of Odd Lot Entertainment's division Dark Lot.
The final pro-ration calculations resulted in 3,047 odd lot shares and 331,853 non-odd lot shares validly tendered.
AT&T announced today that it has extended its voluntary odd lot program to all shareowners holding fewer than 100 AT&T shares until Wednesday, December 22, 2004.
Amex: ABI) announced today that it is commencing an odd lot tender offer on October 16, 2000, to purchase all shares of common stock held by stockholders owning less than 100 shares as of October 12, 2000.
31 /PRNewswire/ -- Odd Lot Liquidity Fund, LLC, a California limited liability company, reported today that the cash tender offer by Odd Lot and James S.
The final pro-ration calculations resulted in 2,389 odd lot shares and 1,259,061.
1 /PRNewswire/ -- Plains Resources (AMEX: PLX) announced today the commencement of an odd lot sales program for holders of less than 100 shares of its Common Stock.
For further information regarding the odd lot sales program, please contact Susan Dotson or Hughes Watler of Texoil at 1-800-742-1665.