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Odd Lot - A purchase or sale of fewer than 100 shares of stock. See round lot. Option - A security that gives the owner the right, but not the obligation, to buy (in the case of a call option) or sell (in the case of a put option) a specific amount of a security or index, at a specified price during a specified period of time. Ordinary Life - A whole life policy where the premiums are paid throughout the life of the insured. Also known as "straight life". Over-the-Counter Market - A market for trading stocks not listed on an exchange. |
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