day order

day order definition - business

day order

A customer order to buy or sell a security that will expire automatically at the end of the trading day on which it is entered. A day order is used when a customer prefers to reconsider an order that is not executed on the day it was placed. See also good-till-canceled order.

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.

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