even lot

Definition of "even lot"
  1. A standardized unit of trading for a commodity that is recognized by an exchange and has official price quotes attached to it
How to use "even lot" in a sentence
  1. Walt explained that an even lot has official prices linked to it, which makes it crucial in trading.
  2. The trading was conducted in even lots to ensure standardization.
  3. The exchange established an even lot to which official price quotations would apply.
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