Time order

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Also found in: Acronyms.

Time order

Order that becomes a market or limited price order or is canceled at a specific time.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Time Order

An order that changes its form after a certain period of time. For example, a limit order may become a market order if it is not filled within a few days. Likewise, a time order may be automatically canceled if it is not filled after the specified period of time.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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