Market Order (Noun)
Meaning
An order to a broker to sell or buy stocks or commodities at the prevailing market price.
Classification
Nouns denoting communicative processes and contents.
Examples
- The investor placed a market order to buy 100 shares of the company's stock as soon as possible.
- The trader decided to sell her shares of the commodity immediately, so she submitted a market order to her broker.
- A market order is typically executed quickly, but it may not always result in the best possible price.
- The day trader entered a market order to buy 500 shares of the stock, hoping to profit from the expected price increase.
- When the stock price reached a certain level, the investor's stop-loss market order was triggered, selling her shares automatically.