Odd-lot dealer

Definition:

A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Continuous compounding

The process of accumulating the time value of money forward in time on a continuous, or instantaneous, basis. Interest is earned constantly, and at each instant, the interest that accrues immediately... Read More

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