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Related to job lot: Job search
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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In commodities trading, the quantity of a commodity that is smaller than what is specified in a standard contract.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.