Business / Taxes / 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.
Lot Noun Synonyms: lottery, drawing, raffle, drawing lots or straws
Lot Adjective Synonyms: collection, batch, consignment, assortment, group, portion, set, quantity, grouping, apportionment
Odd Adjective Synonyms: occasional, casual, part-time, irregular, random, sporadic, discontinuous, disconnected, various, varied, miscellaneous, sundry, incidental
Odd Noun Synonyms: strange, peculiar, unusual, uncommon, different, unexpected, unfamiliar, extraordinary, remarkable, atypical, untypical, exotic, out of the ordinary, unparalleled, unconventional, exceptional, unique, singular, individual, anomalous, idiosyncratic
Business / Finance / Odd-Lot Dealer: A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots. MORE
Business / Finance / Round Lot: A trading order typically of 100 shares of a stock or some multiple of 100. Related: odd lot. MORE