Working order


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Working order

Standing order in the marketplace, through which a broker bids or offers to fill the order in a series of lots at opportune times in hopes of obtaining the best price.

Market Order

An order to buy or sell a security at the best price available when the order is made. Brokers who execute these orders must make a good faith effort to find the best possible price. It is also called an at-the-market order.
References in classic literature ?
There were no Germans below, and everything was intact and in ship-shape working order.
He had heard no summons from his fare, even though a tube, which was in perfect working order, was fixed close to the back of his head.
To have a great gang of seven hundred, whom I could not know personally, or feel any individual interest in, bought and driven, housed, fed, worked like so many horned cattle, strained up to military precision,--the question of how little of life's commonest enjoyments would keep them in working order being a constantly recurring problem,--the necessity of drivers and overseers,--the ever-necessary whip, first, last, and only argument,--the whole thing was insufferably disgusting and loathsome to me; and when I thought of my mothcr's estimate of one poor human soul, it became even frightful!
The officers in charge of it got it into working order, and in the pauses of onrushing mist swept with it the surface of the sea.