Job Lot

A form of contract having a smaller unit of trading than is featured in a regular contract.

Similar financial terms

Jobber
A trader who trades for small, short-term profits during the course of a trading session and rarely carry a position overnight.

McJob
A low-paying position in service companies. One survey predicted that by the year 2000, 10 percent of the American labor force at one time will have worked for McDonald's.

Flotation
Flotation refers to the situation when a private limited company or new company becomes a public limited company by issuing shares to the general public. A company will issue a prospectus inviting shareholders to subscribe for shares, in the hope of raising large amounts of capital. Also referred to as "go public".

Round lot
A trading order typically of 100 shares of a stock or some multiple of 100.

Odd lot dealer
A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots.

Odd lot
A trading order for less than 100 shares of stock.

Overallotment
More shares (or other instrument) has been alloted to buyers or investors (of an IPO, for example) than what is available.

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Did you know?

Payment-In-Kind (PIK) bond

A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds.


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