Stop

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Stop

1. An order to a broker to buy or sell a security at the best available price once a certain, stated price is reached. Suppose that price is $50. A stop order remains inactive until that security begins trading at $50, at which point the broker may fill the order at best price he/she is able to find. See also: Stop-limit order, Stop-loss order.

2. An order by the SEC to stop a new issue from taking place because of an omission or inaccuracy on its filing statement. See also: Deficiency letter.
References in periodicals archive ?
Natoli claimed that since she stopped payment on the check, there was really no payment of the downpayment at all.
As soon as the problem was discovered, McCauley's staff stopped payment on the duplicate checks.
Fox, acting in his capacity as board treasurer, said he stopped payment on a check for more than $478,000 to the firm of Latham & Watkins, which the hospital has paid more than $647,000 since mid-April.