market order
nounUK /ˈmɑːkɪt ˈɔːdə/
US /ˈmɑːrkɪt ˈɔːrdər/
A market order is an instruction to buy or sell something right away at the best price available.
She placed a market order to buy the stock immediately.
RELATED WORDS
OTHER MEANINGS
2. An order to buy or sell at whatever the current market price is, without setting a price limit.
A market order usually fills quickly, but the final price can vary.
3. A request from a customer that a shop or supplier fulfill at once from available stock.
The store sent a market order to restock the popular item.
4. In trading, the opposite of a limit order because it prioritizes speed over price.
He chose a market order to make sure the trade went through that day.