Elect

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Elect

The conversion of a conditional order into a market order.

Elect

To order a broker to change a stop limit order or a stop order to a limit order or a market order.

elect

To convert a stop limit order or a stop order to a limit order or a market order.
References in periodicals archive ?
The LLC does not elect to pay the imputed tax described in #2 above.
An employee may also elect to have his or her earnings reduced to pay for tax-free benefits over and above the amount the employer is willing to contribute.
However, the IRA owner must make a key decision no later than his or her required beginning date, choosing to elect a fixed number of years for IRA distributions or to elect the life-expectancy recalculation method (the IRA owner's life expectancy expands each year).
Thus, split gifts made by the transferor's spouse are now listed separately in Part 1, 2 or 3 of Schedule A, Facilitating the ability to elect out of the deemed-allocation rules for split gifts that are direct skips or lifetime redirect-skip transfers.
If a married individual files a separate return with head-of-household status and elects to itemize deductions, and if the other spouse continues to file as married filing separately, that other spouse is not eligible for the full standard deduction.
If the taxpayer elects to include the amortization of the discount as current-year income, Sec.
A taxpayer can elect out of the five-year carryback period for the farming loss and be subject to the two-year carryback or the 20-year carryforward.
In some of the more interesting rulings to date regarding a new enterprise, practitioners filed a Form SS-4, Application for Employer Identification Number, and thought it was sufficient to elect S status.
The situation at issue involves a will that allows the executor to elect any amount as QTIP.
Finally, the plan can allow the participant to elect one of the four choices.
However, if a taxpayer elects the payment method for 1992, since the April payment is made in 1992, the taxpayer would be allowed to deduct that payment again in 1992 - a "double-dip.