job lot


Definition of job lot

1 : a miscellaneous collection of goods for sale as a lot usually to a retailer
2 : a miscellaneous and usually inferior collection or group

Examples of job lot in a Sentence

The warehouse bought the pieces as a job lot.

First Known Use of job lot

1828, in the meaning defined at sense 1

Keep scrolling for more

Learn More about job lot

Time Traveler for job lot

Time Traveler

The first known use of job lot was in 1828

See more words from the same year

Statistics for job lot

Cite this Entry

“Job lot.” The Dictionary, Merriam-Webster Inc., Accessed 22 January 2020.

Keep scrolling for more

More Definitions for job lot

job lot


Financial Definition of job lot

What It Is

A job lot is a commodities futures contract where the underlying commodity is denominated in smaller amounts than a regular futures contract.

How It Works

Commodity futures contracts are agreements between a buyer and a seller to deliver a specific amount of a commodity (for example, precious metals, oil, corn, etc.) on a future date at a predetermined price. The denomination amounts are typically very large. Job lots are contracts denominated in smaller amounts, making them accessible to more investors.

For example, a gold futures contract may be issued in denominations of 10 troy ounces. This means that larger contracts increase incrementally to 20, 30, and 40 troy ounces. By contrast, a job lot for gold might be issued in two ounce denominations. This means that the underlying quantity of a gold job lot would rise incrementally to four, and six troy ounces.

Why It Matters

By offering smaller commodity stakes, job lots give investors with less investment capital an opportunity to invest in the commodity futures market.

Source: Investing Answers

job lot


English Language Learners Definition of job lot

British : a collection of goods that are being sold as a group

More from Merriam-Webster on job lot

Rhyming Dictionary: Words that rhyme with job lot

Comments on job lot

What made you want to look up job lot? Please tell us where you read or heard it (including the quote, if possible).


to help to grow, develop, or succeed

Get Word of the Day daily email!

Test Your Vocabulary

Intact Latin Quiz

  • roman tablet
  • What did focus mean in Latin?
Spell It

Can you spell these 10 commonly misspelled words?

Dictionary Devil

Test Your Knowledge - and learn some interesting things along the way.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!