Business and Personal Finance Dictionary

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• ROUND LOT
  
  A round lot is the normal trading unit for stocks and bonds on a securities exchange or market. For example, on the New York Stock Exchange (NYSE), shares traded in multiples of 100 are typically considered round lots, as are bonds with par values of $1,000 and $5,000. If you trade fewer shares of stock-called odd lots-you may have to pay a higher brokerage commission.
  
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