odd lot

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odd lot

n.
A quantity that differs from a standard trading unit, especially an amount of stock of fewer than 100 shares.

odd′-lot′ adj.

odd lot

n
1. (Commerce) a batch of merchandise that contains less than or more than the usual number of units
2. (Stock Exchange) stock exchange a number of securities less than the standard trading unit of 100

odd′ lot′


n.
1. a quantity or amount less than the conventional unit of trading.
2. (in a stock transaction) a quantity of stock less than 100 shares.
[1895–1900]
odd′-lot′, adj
odd′-lot′ter, n.
Translations
Mentioned in ?
References in classic literature ?
Carey had so many books that he did not know them, and as he read little he forgot the odd lots he had bought at one time and another because they were cheap.
burst in female accents from the human heap--those of the unhappy partner of the man whose clumsiness had caused the mishap; she happened also to be his recently married wife, in which assortment there was nothing unusual at Trantridge as long as any affection remained between wedded couples; and, indeed, it was not uncustomary in their later lives, to avoid making odd lots of the single people between whom there might be a warm understanding.
PIMCO valued these bonds using prices provided by a third-party pricing vendor for round lots, which are larger-sized bonds compared to odd lots.
Pursuant to the terms of the tender offer, shares were accepted on a pro rata basis, except for tenders of odd lots, which were accepted in full.
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.
While buying in round lots of 100 is cheaper commission-wise, purchasing odd lots is hardly the taboo many claim.
Odd lots are smaller lots of bonds than those typically traded by large institutions, which often trade bonds in increments of $1 million, he notes.