alternative order
Two orders given to a broker, for which the execution of either one automatically cancels the other. One example is combining a buy limit order with buy stop order.The buy limit order will only be executed if the market price is below a specified price, and the buy stop order will only be executed if the market price is above a certain price. If one order is executed, the other is cancelled. also called either-or order.
Related Terms on BusinessDictionary
Popular 'Brokerages' Terms
Related Personal Finance Articles
Loading...
alternative order in the news
Loading...
alternative order is ...
... part of the Brokerages and Trading subjects.
Nearby Terms
Search volume for alternative order
Get our content on your iGoogle page
RSS