Odd lot

2 topics · 2 sources

Business

Finance

A number of shares which is less than a board lot.

Business› Finance

Personal Finance

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.

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