A normal unit of trading for securities or bonds. An even lot purchase of stock is 100 shares, while an even lot purchase for bonds is five shares. A stock transaction that involves less than 100 shares is considered an odd lot and may incur higher trading fees on a fee-per-share basis.
Investors may realize cost savings the more shares that they purchase. Institutional investors, for example, trade in much larger lots and can spread costs over more shares. Trading in large even lots results in enhanced market liquidity and minimizes the impact of trading spreads.
Also referred to as round lots or full lots.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
even lot — See: round lot * * * A commodity trading unit governed by official exchange price quotations … Financial and business terms
lot — Synonyms and related words: A to Z, A to izzard, Friday, Friday the thirteenth, a mass of, a world of, abundance, accidentality, acres, actuarial calculation, adventitiousness, affluence, aggregate, aggregation, all, all and sundry, allocate,… … Moby Thesaurus
LOT — (Heb. לוֹט), son of Haran, grandson of Terah, and nephew of abraham (Gen. 11:27). Upon Haran s death in Ur, Terah took Lot with him when, with Abraham and Sarah, he left the city for the land of Canaan. After Terah s death in Haran (11:32),… … Encyclopedia of Judaism
Lot — • Nephew of Abraham Catholic Encyclopedia. Kevin Knight. 2006. Lot Lot † Catholic Encyclopedia … Catholic encyclopedia
even — e‧ven [ˈiːvn] adjective 1. staying at the same level, rather than frequently changing from one level to the other: • Strong trade will encourage more even selling. 2. giving two sides, things, ideas etc equal or fair treatment: • We should try… … Financial and business terms
Even money — describes a wagering proposition with even odds if the bettor loses a bet, he or she stands to lose the same amount of money that the winner of the bet would win (less any vigorish or juice ). The term has come to have meaning in the wider… … Wikipedia
Even Madder Aunt Maud — (full name: Maud MacMuckle; also known as EMAM) is one of the principal characters in Philip Ardagh s best selling books The Eddie Dickens Trilogy . She is completely mad, even madder than her husband Mad Uncle Jack. Since 55 years ago, since her … Wikipedia
Lot-O-Bucks (Rhode Island) — Lot O Bucks was the Rhode Island Lottery s first terminal based jackpot game. It ended in 1995.Lot O Bucks used several different number matrixes, most recently a pick 5 of 40. It was a rare case of a pick 5 game that did not guarantee an all… … Wikipedia
even out — verb 1. adjust for engineers will work to correct the effects or air resistance • Syn: ↑compensate, ↑counterbalance, ↑correct, ↑make up, ↑even off, ↑even up • Derivationally related forms: ↑ … Useful english dictionary
Lot's wife — This article is about the biblical person. For other uses, see Lot s wife (disambiguation). Lot s Wife pillar, Mount Sodom, Israel Lot s wife is a character in the Book of Genesis. She is described as turning into a pillar of salt for failing to… … Wikipedia