Regular lot. In transactions on the New York Stock Exchange a regular lot is 100 shares of stock
or $10,000 of bonds; the rules of the exchange provide that an offer to buy or sell shall be
accompanied with a specific number of shares or amount (face value) of bonds, but when no
number or amount is named it shall be considered to be for 100 shares of stock or $10,000 (face
value) of bonds.