Day order

Day order

An order placed with a broker which expires if it cannot be executed that day.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Securities brokerage
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Related terms

day order

Financial services; Commodity exchange

An order that expires automatically at the end of each day's trading session. There may be a day order with time contingency. For example, an "off at a specific time" order is an ...

day order

Financial services; General Finance

In the context of general equities, request from a customer to either buy or sell stock, that, if not canceled or executed the day it is placed, expires automatically. All orders ...

day order

Financial services; Funds

An order which will expire at the end of the trading day if it is not executed.

time-of-day order

Financial services; Commodity exchange

This is an order which is to be executed at a given minute in the session. For example, "Sell 10 March corn at 12:30 p.m."

order

Biology; Neuroscience

A taxonomic category subordinate to class; comprises animal families.

GTC

Financial services; Securities brokerage

Good 'Til Cancelled. An order placed with a broker to buy or sell stock once it reaches a certain price, or until the investor decides to cancel the order.

Series 63

Financial services; Securities brokerage

The next exam to be taken by stockbrokers following the Series 7 exam. Having passed the exam, the holder is permitted to solicit orders for any type of security.

Commission

Financial services; Securities brokerage

The fee charged by a stockbroker for advice or arranging the purchase or sale of a security.

Churning

Financial services; Securities brokerage

When a stockbroker excessively trades using a client's account to increase his commission.

CRD

Financial services; Securities brokerage

Central Registration Depository. A disciplinary and employment database, which can be used to do pre-checks on a broker before employing their services.

Cash account

Financial services; Securities brokerage

The normal account an individual will hold with a stockbroker, where cash will be deposited to be invested in stocks etc.

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