job lot
The term "job lot" originated in the 1600s and is used to describe a collection of goods sold together, often at a discounted price.
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Definition
B2Retail
(general)A collection of various items sold together, usually at a lower price.
Example
- The store offered a job lot of kitchen utensils for a very reasonable price.
- He bought a job lot of second-hand books at the market.
C1Finance
(technical)A futures contract with a denomination smaller than the standard lot for that commodity.
Example
- Investors can purchase a job lot to enter the commodities market with less capital.
Similar
Terms that have similar or relatively close meanings to "job lot":