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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Odd Lot

Definition:

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.