Used in the context of general equities. Order to buy or sell a stated amount of a security at the most advantageous price obtainable after the order is represented in the trading crowd. You cannot specify special restrictions such as all or none (AON) or good 'til canceled order (GTC) on market orders. See: Limit order.
Nearby TermsMarket Not Held Order Market opening Market order Market order go-along/participating Market out clause
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University