Odd Lotter

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DEFINITION of 'Odd Lotter'

An individual investor who buys securities, usually stocks, in odd lots. This is the opposite of someone who buys securities in round lots.

INVESTOPEDIA EXPLAINS 'Odd Lotter'

A round lot is 100 stocks; therefore, someone buying any number that is not a multiple of 100 would be considered an odd lotter.

RELATED TERMS
  1. Bunching

    The combining of odd-lot or round-lot orders for the same security ...
  2. Odd Lot

    An order amount for a security that is less than the normal unit ...
  3. Block Trade

    An order or trade submitted for sale or purchase of a large quantity ...
  4. Odd Lot Theory

    A technical analysis theory/indicator based on the assumption ...
  5. Lot

    In general, any group of goods or services making up a transaction. ...
  6. Round Lot

    A group of 100 shares of a stock, or any group of shares that ...
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