buy stop order
Definition
A buy order which is to be held until the market price rises to a specified stop price, at which point it becomes a market order. This is not permitted for over-the-counter trading. also called suspended market order.
Use buy stop order in a sentence
“ It was a buy stop order and that meant it was going to be held and that was really interesting to me. ”
“ You may want to put out a buy stop order so that you can get exactly what you want done at the right time. ”
“ The financial advisor suggested a buy stop order for his client, suggesting waiting until the price rose to $30.00 per share before investing in XYZ Company. ”
