contingent order

contingent order definition - finance
An order to sell or buy a security that depends on the execution of another order or the achievement of a certain price level in the trading of another instrument. Contingent orders are frequently used in futures, options, and swap transactions.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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