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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.