Odd lots may inadvertently arise in an investor's portfolio through reverse splits or dividend reinvestment plans. For example, a 1-for-8 reverse split of a security, of which the investor holds 200 shares, will result in a post-split amount of 25 shares.
While trading commissions for odd lots may still be higher than for standard lots on a percentage basis, the popularity of online trading platforms and the consequent plunge in brokerage commissions means that it is no longer as difficult or expensive for investors to dispose of odd lots as it used to be in the past.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
odd–lot — adj: of, relating to, or being the type of worker considered under the odd lot doctrine an odd–lot worker without stable employment Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
odd lot — n: a quantity of stock that is less than the usual rounded amount (as 100 shares) compare round lot Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. odd lot … Law dictionary
odd lot — odd′ lot′ n. 1) a quantity or amount less than the conventional unit of trading 2) bus (in a stock transaction) a quantity of stock less than 100 shares • Etymology: 1895–1900 odd′ lot′, adj odd′ lot′ter, n … From formal English to slang
odd´-lot´ — odd lot, a quantity of goods or securities smaller than the normal or standard amount used in the trading: »On the New York Stock Exchange, the usual unit of trading is 100 shares, called a “round lot.” Smaller units are referred to as “odd lots” … Useful english dictionary
odd lot — ☆ odd lot n. an amount smaller than the usual unit of trading; specif., a quantity of less than 100 shares of stock in a transaction odd lot adj … English World dictionary
odd lot — odd lot, adj. 1. a quantity or amount less than the conventional unit of trading. 2. 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… … Universalium
odd-lot — odd lot·ter; … English syllables
odd-lot — See odd lot. * * * … Universalium
odd lot — noun a) A block of shares of stock that is not a multiple of some number, usually 100. Everard liked to shop at the stores specializing in odd lots down by the docks, as he was a cheapskate. b) A set of leftover goods, of a quantity less than an… … Wiktionary
odd lot — A trading order for less than 100 shares of stock. Compare round lot. Bloomberg Financial Dictionary A block of securities bid or offered which is smaller than the standard lot size for that particular security. Exchange Handbook Glossary … Financial and business terms