odd lot: Meaning and Definition of

odd' lot'

Pronunciation: [key]
  1. a quantity or amount less than the conventional unit of trading.
  2. (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 calledCf.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.