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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Even Lots  

Definition 1.

Transactions where stocks are purchased or sold in multiples of 100 shares, also referred to as round lots. It''s best to buy or sell stocks in even lots rather than odd lots (less than 100 shares or not a multiple of 100) since most brokers charge a higher commission on odd-lot orders.
 
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