Odd Lotter

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.

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.

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RELATED FAQS
  1. 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 >>
  2. 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 >>
  3. 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 >>
  4. How effective is creating trade entries after spotting a Rounding Top pattern?

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