lot size

Definition

The quantity of units that can be contained in the smallest increment offered for sale or purchase. For example, the standard lot size in a stock transaction is 100 shares. Stock transaction of less than 100 shares are referred to as odd lots.

Use lot size in a sentence

You should try to make sure that you have enough lot size to handle any big shipment that is on its way.

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Franny was explaining to Jean about how lot size really affects bulk wholesale bead pricing, and that people are far more inclined to buy in certain amounts than others.

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lot and block (recorded plat) system lot split