A day order will not be executed if the limit or stop order prices were not met during the day. A way to increase the life of an order is to order securities on a "good until canceled" basis, in which the trade will not expire until it is canceled or until it reaches a maximum time limit set by the brokerage.
Investment dictionary. Academic. 2012.
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day order — An order which, if not executed during the trading session the day it is entered, automatically expires at the end of the session. All orders are assumed to be day orders unless specified otherwise. The CENTER ONLINE Futures Glossary In the… … Financial and business terms
Day order — An order to buy or sell stock that automatically expires if it can t be executed on the day it is entered. The New York Times Financial Glossary * * * day order day order ➔ order1 * * * day order UK US noun [C] ► STOCK MARKET an order to buy or… … Financial and business terms
day order — An order to a stockbroker, commodity broker, etc. , to buy or sell a specified security or commodity. The order is valid for the day on which it is given and automatically becomes void at the close of trading on that day … Big dictionary of business and management
Day order — A buy or sell order for securities that is placed for execution, during only one trading session. If the order cannot be exercised that day, it is automatically cancelled … International financial encyclopaedia
day order — A stock market order directing execution that day or otherwise canceling the order … American business jargon
day order — noun : a customer s order to a broker that expires automatically at the close of the day on which it is made if it is not executed or canceled compare open order … Useful english dictionary
day order — / deɪ ˌɔ:də/ noun an order to a stockbroker to buy or sell on a certain day … Dictionary of banking and finance
day order — Fin an order that is valid only during one trading day … The ultimate business dictionary
day order — Letteralmente ordine valido un giorno . Indica l ordine di comprare o di vendere, se non viene eseguito nella giornata in cui è stato ricevuto si può considerare scaduto … Glossario di economia e finanza
day order - GLOBEX and open outcry — An order which is good for that day s trading session only. If unexecuted at the close of the market, the order is eliminated. Order is good from ETH through RTH. Chicago Mercantile Exchange Glossary … Financial and business terms