Kleinmenge and Fraktion): Stock exchange order in which the number of securities to be bought or sold is small; in the U.S. usually less than one hundred shares or, in a narrow market, ten shares, then called a round lot and even lot (share bought or sold in amounts less that the usual 100-share multiples). Banks or stockbrokers charge higher fees for such “crooked lots”. – Term for residual items in securities trading. – See all-or-nothing order, rounding off, job lot, minimum close, quotation, variable, odd lot surcharge.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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