either-or order Hear it!

either-or order Finance Definition
A trade order given to a broker where the execution of one of the orders automatically cancels another order. One example is a buy-limit order that is executed only if the market price is below a certain price. It is combined with a buy-stop order that is executed only if the market price is above a certain price.

Browse dictionary entries near either-or order

  1. ‹ either-or
  2. ‹ either
  3. ‹ eisteddfod
  4. ‹ Eisenstein
  5. ‹ Eisenstaedt
  6. ‹ Eisenhower
  7. ‹ eirenic
  8. ‹ Eire
  9. ‹ EIR
  10. ‹ einsteinium
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