Open Order
Barron's Business Dictionary:
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Open Order
Buy or sell order for securities that has not yet been executed or canceled; good - till - canceled order .
| Open Operating System, Open Mortgage, Open Listing | |
| Open Outcry, Open Shop, Open Space |
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Open Order
Investopedia Financial Dictionary:
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Open Order
An order to buy or sell a security that remains in effect until it is either canceled by the customer or executed.
Investopedia Says:
Open orders commonly occur when investors place price restrictions on their buy and sell transactions. As market orders are filled instantaneously, investors who enter limit orders will typically have to wait before the price that they set as their limit is reached. These orders will remain open either for the duration determined by the customer or until they are filled.
Related Links:
Taking control of your portfolio means knowing what orders to use when buying or selling stocks. The Basics Of Trading A Stock
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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