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Dictionary


round' lot'



Stock Exchange.
1. the conventional unit or quantity in which commodities or securities are bought and sold.
2. (in a transaction) a quantity of 100 shares of a stock that is active or 10 shares of a stock that is inactive. Cf. odd lot.

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

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