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Term Definition
Odd Lots

A number of shares that are less than a board lot, which is the regular trading unit decided upon by the particular stock exchange. An odd lot is also an amount that is less than the par value of one trading unit on the over-the-counter market. For example, if a board lot is 100 shares, an odd lot would be 99 or fewer shares.

Author: TMX Group
Hits: 1177
Open Order

An order to buy or sell a security that remains in effect until it is either canceled by the customer or executed.

Author: Nasdaq
Hits: 1086
Opening Price
Price used as a reference for every stock at the trading session's opening. It can be the closing price of the last session, the adjusted price (in case of the Company using some corporate or buyer right) or the base price stated for the auction trade mode at the beginning of such auction.
Author: Bolsa Mexicana de Valores
Hits: 1152

An option is a standardized tradable contract that gives the owner the right to buy or sell a particular underlying asset at a specified date in the future at a pre-determined price. An American style option gives the buyer the right to exercise the option at any time before its expiry whereas European style options can be exercised only on the expiry date. See also Call Option, Put Option and Option Premium.

Author: WFE
Hits: 859
Option Premium

The option premium represents the money paid by buyers to writers of calls or put options.

Author: WFE
Hits: 1150

An offer to buy or sell a tradable instrument with a variety of conditions attached regarding the price of execution (See Market Order, Limit Order, Stop Order), expiration instructions (See Open Order, Day Order, Fill or Kill) or quantity instructions (See All-or-None Order).

Author: London Stock Exchange
Hits: 856
Order book

Order Book is an 'electronic book' that shows the demand for the shares of the company at various prices on a real time basis.

Author: Bursa Malaysia
Hits: 1132
Ordinary Stock (Share)

See Common Stock (Share)

Hits: 1130
Over The Counter (OTC)

Market where securities or derivatives are bought and sold directly between the purchaser and seller. OTC trades are generally negotiated outside of an organized exchange but in some markets OTC trades can be registered on the Exchange. Statistics on OTC dervatives are published by the Bank for International Settlements (BIS).

Author: WFE
Hits: 1092