Number of units or lots of a futures contract. Sometimes also called size. Chicago Mercantile Exchange Glossary

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quantity quan‧ti‧ty [ˈkwɒntti ǁ ˈkwɑːn-] noun quantities PLURALFORM
1. [countable] an amount of something that can be counted or measured:

• A small quantity of our oil is sold to France.

• Stock managers have raised huge quantities of cash.

• Citrus fruits are grown but not in commercial quantities (= amounts large enough to be sold ) .

ˌeconomic ˈorder ˌquantity [uncountable] ACCOUNTING
the best amount of goods to order at one time, when considering all the costs involved, including costs of sending the order, storing the goods etc
2. [uncountable] used to talk about how much of something there is:

• The quantity and quality of personnel is inadequate.

3. in quantity in large amounts:

• We offer special prices if you buy in quantity.

4. a known/​an unknown quantity someone or something that people know something about or know very little about:

• The new director is a known quantity, having served as finance administrator to the company from 1986 to 90.

• The administration of an annuity is an unknown quantity and the charge may rise from the current 1%.

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quantity UK US /ˈkwɒntəti/ noun
[C] an amount or number of something, especially one that can be measured: quantity of sth »

A sudden surge in the quantity of stock available would almost certainly depress the price.

huge/large/vast quantity »

Asian central banks have been buying huge quantities of Treasury bonds.

in large/small quantities »

Supermarkets, being able to buy in large quantities, can offer their customers the best prices.

[U] used to talk about how much there is of something, rather than its quality: »

Our focus is on quality, not quantity.


While quantity is of course important, quality must remain the highest priority.

[C or U] a large amount or number of something: »

Poorer people can't afford to bulk buy and save by purchasing in quantity.


The sheer quantity of detail makes the book a valuable tool.

a quantity of sth »

Officers seized computer equipment as well as a quantity of cash and drugs in the raids.

See also BILL OF QUANTITIES(Cf. ↑bill of quantities), ECONOMIC ORDER QUANTITY(Cf. ↑economic order quantity), EQUILIBRIUM QUANTITY(Cf. ↑equilibrium quantity)

Financial and business terms. 2012.

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