Investopedia explains 'Round Lot'
A lot consisting of fewer than 100 shares or a lot that cannot be evenly divided by 100 is called an odd lot. Sometimes odd lots are combined, or "bunched", into round lots to facilitate trading. A mixed lot consists of both a round lot and an odd lot. An order of 198 shares would be considered a mixed lot.
In bond trades, a round lot is usually $100,000 worth of bonds.
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