odd lot
An "odd lot" generally refers to quantities that are less than the standard unit in various fields such as finance, retail, and real estate.
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Definition
C1Finance
(technical, academic)A quantity of shares less than the standard trading unit, usually under 100 shares.
Example
- He bought an odd lot of 75 shares because he couldn't afford a full round lot.
B2Economics
(technical, business)A set of leftover goods that is less than a standard shippable unit, often sold at a reduced price.
Example
- The warehouse sold odd lots of items at a discount to clear out inventory.
B2Retail
(informal, business)A small quantity of merchandise left unsold after a sale or promotion.
Example
- The store had a few odd lots of clothing on clearance.
Similar
Terms that have similar or relatively close meanings to "odd lot":
odd manodd and curiousodds and sodsodd bododds and bodsodd one outtot lotodd jobside bet