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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Round Lot

Definition:

A hundred shares of stock. (It can also refer to shares that can be neatly divided by 100.)

Usually, exchanges require you to buy at least 100 shares of stock before they talk to you (same with brokers), and they like to do trades in rounded numbers ending in zeroes.

Maybe they're not as good at math as they claim to be.