Buy On Close

Business, Legal & Accounting Glossary

Definition: Buy On Close


Quick Summary of Buy On Close


An order to purchase a security or currency when the market closes, at a price or exchange rate within the range between the highest and lowest prices or rates at which trades were executed during the closing of the market.



Full Definition of Buy On Close


A buy on close order is an order to buy stock at the close of the trading day. A buy on close order is filled at the best price possible within the day’s closing price range. A buy on close order for the NYSE or the NASDAQ is executed at four in the afternoon, New York time, at the traditional close of the markets. As markets move toward a twenty-four-hour trading day it is possible that a new definition for a buy on close order may be necessary. A buy on close order may open a new long position or it may close a currently-held short position. Buy on close orders can be placed for stocks, options, and commodities.


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Buy On Close. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 02, 2020 https://payrollheaven.com/define/buy-on-close/.
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Buy On Close. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/buy-on-close/ (accessed: July 02, 2020).
American Psychological Association (APA):
Buy On Close. PayrollHeaven.com. Retrieved July 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/buy-on-close/

Definition Sources


Definitions for Buy On Close are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th April, 2020 | 2 Views.