Business / Taxes / Unit Of Trading: When you buy stocks, bonds, options and commodities futures, it's typical to buy in a particular volume or a particular dollar value, called a round lot or a unit of trading. For example, stocks are usually traded in lots of 100 shares, or multiples of 100 shares, and bonds in multiples of $1,000. For some preferred stocks, known as ten-share traders, the unit of trading is ten shares. Any variation from the standard unit of trading is known as an odd lot.
Unit Noun Synonyms: element, component, entity, part, item, constituent, piece, portion, segment, section, module
Life Style / Travel / Port-Of-Call: A country, island or territory, or population center a cruise ship visits. MORE
Business / Finance / Pooling Of Interests: An accounting method for reporting acquisitions accomplished through the use of equity. The combined assets of the merged entity are consolidated using book value, as opposed to the purchase method, w MORE