Lot definition (2024)

Examples of lots

A lot can refer to any asset class or financial instrument, but the specific meaning of a lot and its application will vary from market to market.

For example, the standard lot size for the stock market is 100 shares – it is the number of shares that are bought and sold in a normal transaction. This is also known as a ‘round lot’. Exchange traded funds (ETFs) are priced in the same way, so that one lot is equal to 100 shares.

The bond market is slightly different, because the lot sizes tend to be issued in far larger sums. For example, the standard lot for US government bonds is $1 million.

In options trading, lots are often standardised across the board. An equity option, for instance, is priced so that each lot is equal to 100 shares of the underlying asset. However, in the futures market lots are called ‘contract sizes’ instead – these vary greatly depending on what type of contract is being traded.

When trading indices for example, the Australia 200 has three different contract sizes. The standard, mini and micro. The standard contract has a lot size of A$25, the mini A$5 and the micro A$1. When the Australia 200 is trading at 6000, the notional value of each contract is as follows:

  • Standard: 6000 x A$25 = A$150,000
  • Mini: 6000 x A$5 = A$30,000
  • Micro: 6000 x A$1 = A$6,000

IG uses lots for CFD trading, where a single contract represents a set quantity of the underlying asset.

A - B - C - D - E - F - G - H - I - L - M - N - O - P - Q - R - S - T - U - V - W - Y

See all glossary trading terms

Lot definition (2024)


What is the full meaning of lot? ›

lot. noun. 1. : a portion of land. specifically : a measured parcel of contiguous land having fixed boundaries and recorded (as on a plat) with the appropriate authority or office (as a registry of deeds)

What exactly is a lot? ›

: a large number or amount of (things, people, etc.)

What does lot mean in the Bible? ›

Smith's Bible Dictionary - Lot

(literally a pebble ). The custom of deciding doubtful questions by lot is one of great extent and high antiquity. Among the Jews lots were used with the expectation that God would so control them as to give a right direction to them. They were very often used by Gods appointment.

What is the concept of lot? ›

A lot is a plot of land. When you buy a house, you also buy the lot on which it sits. If there's an empty lot in your neighborhood, it means there's a space covered with grass or pavement that's large enough for a house or building to fit there. Another kind of lot is a set or group of items.

What is an example of a lot? ›

As an adverb, a lot often means “frequently” or “by a great degree,” like in this sentence: She plays basketball a lot with her friends in the summer. As a pronoun (or part of a noun phrase), a lot usually means “a large amount”—for example, It takes a lot of time to learn a new language.

How to use the word "lot"? ›

A lot means “a large number or amount,” or “a great deal.” Lots is plural and a slightly more informal phrase with the same meaning. There were a lot of people at the gala last night. There were lots of people at the gala last night. Both a lot of and lots of are considered wordy.

What is a lot in life? ›

Your lot is the kind of life you have or the things that you have or experience. She tried to accept her marriage as her lot in life but could not. Synonyms: destiny, situation, circ*mstances, fortune More Synonyms of lot. 8. countable noun.

What does a lot vs lot mean? ›

We use them to refer to a quantity of something without being exact. These expressions can be used in the same way and there is no difference in meaning, though “lots of” might be considered by some to be more informal. Note that in these examples “a lot of” and “lots of” come before noncount nouns.

What is a lot in America? ›

It's not different definitions — it's the different modifiers. “A lot” means “many” or “much” or generally “a large quantity”. This phrase is common among both American and British speakers of English. “The lot” means “all of (whatever is being referenced)”.

What is the spiritual meaning of Lot? ›

Lot, meaning dark-colored, covering, hidden, can also be said to symbolize the part of man's consciousness that is still in darkness--in other words, the natural or animal man.

What does "lot" mean in Hebrew? ›

Origin:Hebrew. Meaning:Veil, hidden. Sometimes a one-syllable name is all it takes to describe a new bundle of joy in the world. The boy's name, Lot, meaning "veil" or "hidden," has roots in the Hebrew Bible and refers to a nephew of the patriarch Abraham.

What is Lot in hebrew? ›

Lot (/lɒt/; Hebrew: לוֹט Lōṭ, lit. "veil" or "covering"; Greek: Λώτ Lṓt; Arabic: لُوط Lūṭ; Syriac: ܠܘܛ Lōṭ) was a man mentioned in the biblical Book of Genesis, chapters 11–14 and 19.

What is the origin of a lot? ›

The preposition “lot” comes from the Old English language of the Anglo-Saxons, which lasted to about 1150. It come from the word hlot which meant “a share of”. Hlot evolved to “lot” which means a large number or amount. The phrase “a lot of” was created much later with no known etymology.

What is the legal term for a lot? ›

lot n. 1 : a portion of land. ;specif. : a measured parcel of contiguous land having fixed boundaries and recorded (as on a plat) with the appropriate authority or office (as a registry of deeds)

What is the verb of lot? ›

verb (used with object)

, lot·ted, lot·ting. to divide or distribute by lot (sometimes followed by out ): to lot furniture for sale; to lot out apples by the basketful.

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