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Simple English definitions for legal terms
all-or-none order
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A quick definition of all-or-none order:
An all-or-none order is a type of command given to buy a security that must be executed either in full or not at all. It means that the investor wants to buy the entire amount of the security they are interested in, or they don't want to buy any at all. This type of order is different from other types of orders, such as limit orders or market orders, which allow for partial execution.A more thorough explanation:
Definition: An all-or-none order is a type of stock market order where the investor instructs the broker to execute the trade either in its entirety or not at all.
Example: An investor wants to buy 100 shares of XYZ company at $50 per share. They place an all-or-none order with their broker. If the broker cannot find a seller willing to sell 100 shares at $50 per share, the order will not be executed. However, if the broker finds a seller willing to sell 100 shares at $50 per share, the entire trade will be executed.
Explanation: The example illustrates how an all-or-none order works. The investor wants to buy a specific number of shares at a specific price, and they do not want to execute the trade unless they can get the entire amount they requested. This type of order can be useful for investors who want to ensure they get the exact amount they want without having to worry about partial fills.