Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

open order

Read a random definition: antitrust laws

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.