Define: Market Order

UK Accounting Glossary

Definition: Market Order


Full Definition of Market Order

Market Order is an order that an investor makes through a broker or brokerage service to buy or sell an investment immediately at the best available current price.

A market order is the default option and is likely to be executed because it does not contain restrictions on the buy/sell price or the time frame in which the order can be executed.

There are many types of order, and they vary between brokers.  They include limit orders, stop orders, stop-limit orders, Market On Open (MOO), and Market On Close (MOC), among others.


Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Market Order. Payroll & Accounting Heaven Ltd. March 31, 2020
Chicago Manual of Style (CMS):
Market Order. Payroll & Accounting Heaven Ltd. (accessed: March 31, 2020).
American Psychological Association (APA):
Market Order. Retrieved March 31, 2020, from website:

Definition Sources

Definitions for Market 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: 22nd March 2020.