not held

Not Held Order

An order to a broker to buy or sell a security where the broker is not held responsible for not obtaining the best available price. That is, the broker is given discretion as to when to execute the order, but if he makes a mistake and obtains an unfavorable price, he is not responsible. This is sometimes used in place of a limit order.

not held

A customer instruction that permits an exchange member to use personal judgment in executing either a market or limit order with respect to the time and/or the price of execution. In theory, this instruction is designed to obtain a more favorable price since the floor broker may have a feel for whether prices are likely to rise or decline. Unlike a regular market order, however, a market not held order does not guarantee that the order will be filled. Also called market not held order.
References in classic literature ?
But the louder he spoke, the lower she dropped her once proud and gay, now shame-stricken head, and she bowed down and sank from the sofa where she was sitting, down on the floor, at his feet; she would have fallen on the carpet if he had not held her.
Saad also pointed out that the PUs senate meeting was not held for past seven years despite the fact that it was necessary to get approval of the university budget from the senate every year.
RAMALLAH, November 10, 2012 (WAFA) -- Complementary elections planned for November 24 will be held in 23 local councils out of 67 where elections were not held on October 20, the president of the Central Elections Commission Hanna Nasser said Saturday.
ISLAMABAD, February 01, 2011 (Frontier Star): Interior minister A Rehman Malik has said if Mumbai attack case is weakened then Pakistani prosecutors be not held responsible for it.
Villa have not held silverware since winning the League Cup in 1996, but perhaps this could be their year.
5 : having parts that are not held or squeezed tightly together <loose gravel>
Though it was not held in 2007, the Lumber Kings Sports Club in Prince George, B.
trust"; and (2) "would not have been incurred if the property were not held in such rust"
As he addresses the cognitive capacity of animals, Bekoff admits that his views are not held by the majority of scientists, but are gaining support, and he points out that human emotions are often difficult to monitor and still not well understood.
One of the bonding lines is partially inserted into a holding region to have one end positioned therein so that some of the filaments located therein are further held to the base sheet by an inserted bonding line, where a difference in level between a portion of filaments is not held by the inserted bonding line.
However, Internal Revenue Code section 382(I)(4) says if its nonbusiness assets (such as cash and marketable securities that are not held as integral parts of the conduct of the business) constitute at least one-third of its total assets, the company's equity value is reduced by the amount of the nonbusiness assets minus its allocable indebtedness.