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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. 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.