- a quantity or amount less than the conventional unit of trading.
- Stock Exchange. (in a transaction) a quantity of stock less than the established 100-share unit for active issues or the 10-share unit for designated inactive issues.
Compare round lot.
Origin of odd lot
First recorded in 1895–1900
Also called broken lot.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- a batch of merchandise that contains less than or more than the usual number of units
- stock exchange a number of securities less than the standard trading unit of 100