We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.
© 2016 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Odd Lot


Here at Shmoop, we pride ourselves on being an odd lot.

In trades, an odd lot is an uneven number of shares traded in a transaction; specifically, a multiple of shares less than 100. 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.