contingent order

contingent order definition - business

contingent order

A special type of security order that instructs the broker to take some action only in the event that something else has occurred. An example would be an order to sell call options on Google common stock only after shares of Google have been purchased at a specified limit price.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.