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LSDefine

Simple English definitions for legal terms

open order

Read a random definition: community-property state

A quick definition of open order:

An open order is a type of instruction given to a broker to buy or sell a security. It remains in effect until the broker fills it or the customer cancels it. This is different from a day order, which is only valid for one day. Other types of orders include limit orders, which specify a price, and market orders, which execute at the best available price. Stop orders are triggered when the security's price reaches a certain level, while fill-or-kill orders must be executed immediately or not at all.

A more thorough explanation:

Definition: An instruction or command given to a broker to buy or sell securities that remains in effect until it is filled or canceled by the customer.

Example: An investor places an open order with their broker to buy 100 shares of XYZ stock at $50 per share. The order will remain open until the broker is able to find a seller willing to sell the shares at that price or until the investor cancels the order.

This example illustrates how an open order works in the context of buying and selling securities. The investor has given their broker a specific instruction to buy a certain number of shares at a specific price, but the order will remain open until it is filled or canceled. This allows the broker to continue searching for a seller who is willing to sell the shares at the desired price, even if it takes some time.

open nominations | open-perils policy

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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