Odd Lot

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Round lot
Also called board lot. An order of trading 100 (or hundreds) shares of a security. It is opposed to odd-lot order where the order is less than 100 shares of security. Historically, some brokers charge higher commissions for odd-lot orders. But it is not clear if brokers still charge more for odd-lot orders.
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Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
Odd lot
trading  order for less than 100 shares of stock. Compare round lot.

The Lectric Law Library DictionaryDownload this dictionary
Odd Lot
A transaction involving fewer shares than in a "round" lot, which for most stocks is 100 shares.

Courtesy of the 'Lectric Law Library.

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