An order that may take many different forms by an investor to a broker to sell a particular stock, bond, option, future, mutual fund, or other holding.
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An order to a broker to sell a security. A sell order may take any of a number of forms. Depending on the nature of the order, the broker may execute it at the best available price when the order is made, at a set price designated by the client, or according to a more complicated formula. Additionally, the sell order may or may not have an expiration date (though most do). See also: Buy order.
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A brokerage order to sell a specified amount of a security.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.