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.
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BREAKING DOWN '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

Mixed Lot
A type of order for a number of securities that is not a round ... 
Odd Lot
An order amount for a security that is less than the normal unit ... 
Round Lot
A group of 100 shares of a stock, or any group of shares that ... 
Even Lot
A normal unit of trading for securities or bonds. An even lot ... 
Odd Lot Theory
A technical analysis theory/indicator based on the assumption ... 
Board Lot
A standardized number of shares defined by a stock exchange as ...
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RELATED FAQS

How much more will it cost me to buy an odd lot of shares?
A round lot is a predetermined number of shares of stock  usually 100 shares, while an odd lot refers to any number of shares ... Read Answer >> 
What are the differences between downround and upround financing?
Understand what down rounds and up rounds of financing mean, and learn about the typical progression of a company through ... Read Answer >> 
What are the pros and cons of downround financing?
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What's the smallest number of shares I can buy?
Unlike mutual funds, which can be purchased in fractional units, shares of stock cannot be divided. So, the smallest number ... Read Answer >> 
What type of companies use downround financing?
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How effective is creating trade entries after spotting a Rounding Top pattern?
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