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Simple English definitions for legal terms
order at the market
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A quick definition of order at the market:
An order is a command or instruction given by a court or judge. It can be a written direction or a spoken one. There are different types of orders, such as a final order that decides the whole case, or an interim order that is temporary and only applies until something else happens. In the stock market, an order is a request to buy or sell a certain amount of a stock at a specific price or at the best price available.A more thorough explanation:
Definition: An instruction to buy or sell a security at the best available price on the market.
Example: If you want to buy a stock and you place an order at the market, your broker will execute the trade at the current market price. For example, if the stock is currently trading at $50 per share, your order will be filled at that price.
Explanation: An order at the market is used when you want to buy or sell a security quickly and at the best available price. It is different from a limit order, which allows you to set a specific price at which you want to buy or sell. The example illustrates how an order at the market works in practice. If you place an order to buy a stock at the market, you will get the stock at the current market price, which may be higher or lower than the price you were hoping for.