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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Odd Lot

Definition:

We are. Oh, man, how we are. But our spouses put up with us in spite of it.

But an odd lot also refers to an uneven number of shares traded in a transaction. Specifically, an odd lot is a multiple of shares that is less than 100. The reason odd lot is shouted out is that the transaction costs for a trade can be high and if the number is so small that the commission is a meaningful percentage of a given trade, maybe the trade isn't such a hot idea.

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