open order


An order to buy or sell securities that has not been executed (usually because some requirement, such as a specified price, has not been met) or canceled.

Use open order in a sentence

The open order has been given to the broker so we are just waiting on the price to reach a certain level.

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An order that is still pending, it has not been processed and is awaiting final qualifications to be completed. Once an order it placed until it meets the criteria to complete the order it remains as an open order.

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Cardinal Health maintain an account for an open order for drugs and supplies for Valley hospital and ,the requirement is 24 hours notice for changes and addition to the updated list on file.

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