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odd' lot'

1. a quantity or amount less than the conventional unit of trading.
2. Stock Exchange.(in a transaction) a quantity of stock less than the established 100-share unit for active issues or the 10-share unit for designated inactive issues. Also called broken lot. Cf. round lot.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.



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