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 ?
By that time, the method I am establishing through all the affairs, and with which I will every day take new pains to make them both familiar, will be, I may hope, a machine in such working order as that they can keep it going.
He had no intention of losing any advantage of the ground, and coiled and uncoiled himself once or twice, to be sure that every foot of his long body was in working order.
The electricians had contrived a catchment pool and a wheel in the torrent close at hand--for the little Mulhausen dynamo with its turbinal volute used by the telegraphists was quite adaptable to water driving, and on the sixth day in the evening the apparatus was in working order and the Prince was calling--weakly, indeed, but calling--to his air-fleet across the empty spaces of the world.
A federal judge has issued a temporary ruling that equipment serving disabled passengers on MTA buses must be kept in good working order by the Metropolitan Transportation Authority, the American Civil Liberties Union of Southern California announced Monday.