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LSDefine

Simple English definitions for legal terms

open order

Read a random definition: capital case

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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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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