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Meaning of STOP ORDER

Pronunciation:  stâp 'ordur

WordNet Dictionary
 
 Definition: [n]  an order to a broker to sell (buy) when the price of a security falls (rises) to a designated level
 
 Websites: 
 
 Synonyms: stop-loss order
 
 See Also: order, purchase order

 

 

Webster's 1913 Dictionary
 
 Definition: 
\Stop order\ (Finance)
An order that aims to limit losses by fixing a figure at
which purchases shall be sold or sales bought in, as where
stock is bought at 100 and the broker is directed to sell if
the market price drops to 98.
 
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