UK Accounting Glossary
In general, a stock markmarket order refers to any one of a wide variety of ways to buy or sell a stock traded on a stock market. The most basic stock markmarket order is the market order – an order to immediately buy or sell stock at the current price. A partial list of other, somewhat more complicated stock markmarket order types include the buy limit order, sell limit order, buy stop limit order, and sell stop limit order. Each type of stock markmarket order imposes a specific condition or set of conditions on a buy or sell. For instance, a buy limit order is a stock markmarket order to buy stock at a designated price below the current price. A sell limit order is a stock markmarket order to sell stock at a designated price above the current price. If and when the condition for either type of stock markmarket order is met, the limit orders become market orders.
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This glossary post was last updated: 5th February 2020.