Do Not Reduce Order (DNR Order)
Limit order to buy or to sell, or a stop limit order to sell that is not to be reduced by the amount of an ordinary cash dividend on the ex-dividend date. A "do not reduce order" applies only to ordinary cash dividends, and not stock dividends or rights.
Nearby TermsDO Do Not Increase (DNI) Do Not Reduce Order (DNR Order) Doctrine of sovereign immunity Documentary Collection
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University