Job Lot

Business, Legal & Accounting Glossary

Definition: Job Lot




Full Definition of Job Lot


A job lot refers to a particular contract that deals with smaller trading units than those outlined in a regular contract. This helps to create a market where smaller investors can participate along with the larger traders. A job lot is most commonly associated with the trading of commodity futures. A job lot should not be confused with an off lot, which is related to the trading of stocks. The term job lot also refers to a large quantity of items sold at a low cost. Often a job lot will feature a variety of miscellaneous items to be sold in one large job lot. A job lot is used to quickly reduce the amount of stock of a particular item. A person who buys a job lot from a manufacturer or wholesaler is known as a “jobber.”


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Page URL
https://payrollheaven.com/define/job-lot/
Modern Language Association (MLA):
Job Lot. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2021 https://payrollheaven.com/define/job-lot/.
Chicago Manual of Style (CMS):
Job Lot. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/job-lot/ (accessed: September 20, 2021).
American Psychological Association (APA):
Job Lot. PayrollHeaven.com. Retrieved September 20, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/job-lot/

Definition Sources


Definitions for Job Lot are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February, 2020 | 0 Views.