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

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

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.
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.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in classic literature ?
He looked round him to apply for information once more.
The two gentlemen walked into the centre of the inclosure, and looked round them.
By the sixth round the wise gazabos was offerin' two to one against me.
You always want to have a yacht to sail on the Round Pond, and in the end your uncle gives you one; and to carry it to the Pond the first day is splendid, also to talk about it to boys who have no uncle is splendid, but soon you like to leave it at home.
'It didn't hurt him,' the Unicorn said carelessly, and he was going on, when his eye happened to fall upon Alice: he turned round rather instantly, and stood for some time looking at her with an air of the deepest disgust.
For instance, some worthy persons maintained that the moon was an ancient comet which, in describing its elongated orbit round the sun, happened to pass near the earth, and became confined within her circle of attraction.
It is hopeless attempting to make a wood fire, so you light the methylated spirit stove, and crowd round that.
They expressed, as was usual, unbounded astonishment at the globe being round, and could scarcely credit that a hole would, if deep enough, come out on the other side.
"If I did not do exactly what he wanted he would get put out, and make me run round with that long rein in the training field till he had tired me out.
"Spring has forgotten this garden," they cried, "so we will live here all the year round." The Snow covered up the grass with her great white cloak, and the Frost painted all the trees silver.
In the very instant when Oliver began to run, the old gentleman, putting his hand to his pocket, and missing his handkerchief, turned sharp round. Seeing the boy scudding away at such a rapid pace, he very naturally concluded him to be the depredator; and shouting 'Stop thief!' with all his might, made off after him, book in hand.
But she pushed it all backward to look like the picture, and form a dark curtain, throwing into relief her round white neck.