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.

RELATED TERMS
  1. Mixed Lot

    A type of order for a number of securities that is not a round ...
  2. Lot

    A lot is the standard number of units in a trading security. ...
  3. Job Lot

    A job lot is a futures contract with a commodities trading volume ...
  4. Series A Financing

    Series A financing is the first round of financing undergone ...
  5. Down Round

    A round of financing where investors purchase stock from a company ...
  6. Standard Lot

    A standard lot is the equivalent to 100,000 units of the base ...
Related Articles
  1. Trading

    The Odd Lot Theory: Betting That Small Investors Are Wrong

    The odd lot theory is a largely discredited proposition that small investors are usually wrong and that doing the exact opposite will yield above-average returns.
  2. Investing

    How Do Odds Work in Betting?

    Learn about the three popular formats that betting odds are expressed in: fractional, decimal and moneyline. Find out how to interpret these types of odds.
  3. Investing

    Big Lots Beats on Q4 EPS, Boosts Dividend by 19%

    Big Lots (NYSE: BIG) had a big day on Friday, reporting a fourth-quarter profit that topped analysts' expectations, and announcing a sizable boost in its dividend. For the fiscal quarter, which ...
  4. Investing

    Is it Risky to Invest in Options?

    Investing with options can be a great strategy, but you need to do your research first or the risks can outweigh the benefits.
  5. Insights

    Amazon Hits $1000

    Amazon.com Inc. has hit $1000 per share, but don't expect CEO Jeff Bezos to approve a split.
  6. Investing

    Series A, B, C funding: How it works

    Series A, B, and C funding in the field of entrepreneurship and early stage investing refers to the development stages of startups raising venture capital.
  7. Investing

    Is There a Definite Time to Buy or Sell Investments?

    Deciding when to buy or sell should be based on an analysis of an investment, not a target price.
  8. Financial Advisor

    Don't Let Fear of Losing Keep You Out of Stocks

    Even if your odds of making money are 50/50, an occasional loss can convince you to avoid future risks. But often that loss heralds a good time to invest.
  9. Retirement

    What Will Social Security Look Like When You Retire?

    Many workers are not confident that Social Security will be around during their retirement. Here's what you need to know about its future.
  10. Personal Finance

    How To Get A Job On Wall Street

    There are many roads that lead to Wall Street, but here are some of the more direct routes.
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 >>
Hot Definitions
  1. Inflation

    Inflation is the rate at which prices for goods and services is rising and the worth of currency is dropping.
  2. Discount Rate

    Discount rate is the interest rate charged to commercial banks and other depository institutions for loans received from ...
  3. Economies of Scale

    Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger ...
  4. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  5. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  6. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
Trading Center