market order
noun
,
Stock Exchange.
1.
an order to buy or sell a specified amount of a security at the best price available.
Compare
limit order
,
stop order
.
Origin
1915-20
Examples from the web for
market order
Plan ahead: you may need to order artisan cheeses from the cheesemaker or have your
market order
them.
When the stop price is reached, a stop order becomes a
market order
.
In contrast, a
market order
is an order to buy or sell a security at the current market price.
If you place a
market order
, you're committing to buying or selling a stock at the best current price.
British Dictionary definitions for
market order
market order
noun
1.
an instruction to a broker to sell or buy at the best price currently obtainable on the market