split order - Investment & Finance Definition
large order that is broken into smaller pieces to be executed one at a time, in
order to lessen the effect on pricing.Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A relatively large single order that is executed in two or more transactions to minimize its effect on the market price of the security being bought or sold.