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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Oil & gas company Advantage Oil & Gas Ltd said on Wednesday that it will offer to buy back common shares from its registered and beneficial shareholders who own 99 or fewer common shares (Odd Lot Holders) under its odd-lot share repurchase programme.
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.
In addition, the BondDesk Alternative Trading System (ATS), operated by BondDesk Trading LLC, member FINRA and SIPC, provides the BondDesk community with access to an aggregated pool of over 120,000 daily live offerings of odd-lot fixed income securities in a broad range of asset classes.
The proposed amendment of Article 10 ("Rights for Shares Less than One Trading Unit") will be newly established to restrict, within reasonable limits, the rights of odd-lot shareholders.
The remainder will be eligible for odd-lot shares only.
In fact, Ames' Special Buys program, which features odd-lot or closeout items, is a cornerstone of the merchandising approach that has helped build traffic levels at the chain's outlets.
You invest $200 on the first of each month, purchasing odd-lot units of a particular stock or shares of a mutual fund.
Advantage Oil & Gas announced that it has extended the expiry of its previously disclosed odd-lot share repurchase program by six weeks to June 19.
M2 EQUITYBITES-January 11, 2017-BB&T details shareholder odd-lot program
Such odd-lot shareholders were not subject to proration, and their shares were fully accepted in the offer.