Either-Or Order

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Definition: Either-Or Order

Either-Or Order

Quick Summary of Either-Or Order

Two orders given to a broker, for which the execution of either one automatically cancels the other. One example is combining a buy limit order with buy stop order. The buy limit order will only be executed if the market price is below a specified price, and the buy stop order will only be executed if the market price is above a certain price. If one order is executed, the other is cancelled.

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Synonyms For Either-Or Order

alternative order

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Definition Sources

Definitions for Either-Or Order 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: 30th October, 2021 | 0 Views.