Even Lot
Quantities established by futures exchanges as benchmarks for quoting commodity prices.
Investopedia Commentary
The quantity of underlying commodities in futures contracts may vary. In order to ensure a quote is applicable across the range of contracts with different amounts of underlying, exchanges set price quotations to reference a specific amount.
Related Links
Futures Fundamentals
See also: Actual, Certificated Stock, Customer Type Indicator, Deck, Futures, Futures Contract, Futures Market