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Finance Glossary

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Odd Lot


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.