Stop loss order
English
See also: stop-loss order
Alternative forms
Noun
stop loss order (plural: stop loss orders)
- (stock market) A conditional order placed with a stockbroker (or similar) to close one's position if the market drops (or rises in some cases) to a specified price level.
- Synonym: stop order
- Coordinate term: buy stop order
- Example: The shares are currently trading at $4.40 and he has issued a stop loss order to sell if they fall to $4.20.
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Further reading
- Stop-loss order on Wikipedia