Why Is It Called Job Lot

Etymology. The name of the company derives from Rhode Island’s nickname, “The Ocean State”, and from “Job Lot”, which means a miscellaneous group of articles.

What is the difference between a job and a job lot?

A job lot is a futures contract whose denomination is less than a standard lot. It can also refer to a non-standard job undertaken by a manufacturer. In the commodities futures market, job lets help smaller buyers participate in the market, increasing liquidity for all market participants.

Is Job Lot the same as Big Lots?

Ocean State Job Lot, which has five other stores in New Jersey, sells name brand and close-out merchandise at discount prices. … It is also very close to a Big Lots, which is also a discount retailer. Ocean State Job Lot fills one of the last remaining vacant Toys R Us stores in Monmouth and Ocean Counties.