Do Not Reduce Order

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Do Not Reduce Order (DNR Order)

Limit order to buy or to sell, or a stop limit order to sell that is not to be reduced by the amount of an ordinary cash dividend on the ex-dividend date. A "do not reduce order" applies only to ordinary cash dividends, and not stock dividends or rights.

Do Not Reduce Order

In a limit order following the ex-dividend date, an instruction not to reduce the limit price by the amount of the dividend. Most of the time, following the ex-dividend date, the price of the limit order is reduced because the coming dividend will belong to the current owner, rather than the buyer. One issues a do not reduce order if one believes that demand for the stock justifies the higher price.
References in periodicals archive ?
ArgusSoft's DNRS Class library allows Internet users to access registrars' or resellers' web sites to initiate searches for their chosen TLDs(such as .
ArgusSoft's DNRS Class library simplifies the registration process by automating the search, the paperwork required by various countries, the invoicing and renewal notices to the customer.
DNRS Class library gives your company all the tools it needs to be a strong competitor in this market," concludes STC's Oykhman.