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TeachMeFinance.com - explain odd lot odd lot -- a block of shares of less than a round lot, usually traded at one time. (A round lot is a multiple of 100.) historic definition... Odd lot -- Same as fractional lot; in stocks less than 100 shares and in bonds less than $10,000. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.