Open Order

An order to buy or sell a security that remains in effect until it is either canceled by the customer or executed.

Open orders commonly occur when investors place price restrictions on their buy and sell transactions. As market orders are filled instantaneously, investors who enter limit orders will typically have to wait before the price that they set as their limit is reached. These orders will remain open either for the duration determined by the customer or until they are filled.


Investment dictionary. . 2012.

Look at other dictionaries:

  • open order — see order 4b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • open order — noun a military formation leaving enough space between ranks to allow an inspecting officer to pass • Topics: ↑military, ↑armed forces, ↑armed services, ↑military machine, ↑war machine • Hypernyms: ↑military formation * * * …   Useful english dictionary

  • open order — (Good till Cancelled order , GTC order) order to buy or sell a security that stays active until it is completed or the investor cancels it. Bloomberg Financial Dictionary An order that remains good until filled, canceled, or eliminated. Chicago… …   Financial and business terms

  • open order — Mil. a troop formation for drill or basic combat training, the intervals between the individuals being greater than those in close order. Also called extended order. [1615 25] * * * …   Universalium

  • open order — /oʊpən ˈɔdə / (say ohpuhn awduh) noun 1. a military formation of troops on a ceremonial parade in which the rear rank steps back if in two ranks, or the ranks open if in three ranks, to allow more space for the inspecting officer, etc., to pass.… …   Australian English dictionary

  • open order —  An order that is good until canceled …   American business jargon

  • Limit-On-Open Order — A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of order is good only for the market opening and does not last for the whole trading day. A trader who believes that the… …   Investment dictionary

  • order — or·der 1 n 1: a state of peace, freedom from unruly behavior, and respect for law and proper authority maintain law and order 2: an established mode or state of procedure a call to order 3 a: a mandate from a superior authority see also …   Law dictionary

  • Order — Or der, n. [OE. ordre, F. ordre, fr. L. ordo, ordinis. Cf. {Ordain}, {Ordinal}.] [1913 Webster] 1. Regular arrangement; any methodical or established succession or harmonious relation; method; system; as: (a) Of material things, like the books in …   The Collaborative International Dictionary of English

  • Order book — Order Or der, n. [OE. ordre, F. ordre, fr. L. ordo, ordinis. Cf. {Ordain}, {Ordinal}.] [1913 Webster] 1. Regular arrangement; any methodical or established succession or harmonious relation; method; system; as: (a) Of material things, like the… …   The Collaborative International Dictionary of English

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