open order
An "open order" can refer to various contexts, such as finance, military, and nautical, each with distinct meanings.
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Definition
B2Finance
(technical, trading)An instruction to buy or sell securities that remains active until it is either executed or canceled.
Example
- The investor placed an open order to buy 100 shares at $50 each.
- Open orders allow traders to set specific conditions for their transactions.
C1Military
(technical)A formation where a unit has space between its ranks.
Example
- The platoon moved into an open order to reduce vulnerability to artillery.
C1Nautical
(technical)A naval formation where ships are spaced four cables'-length apart.
Example
- The fleet sailed in open order to maintain safe distances.
Similar
Terms that have similar or relatively close meanings to "open order":
standing orderback orderjob orderopen fanopen setopen invitationshort orderordered ringopen dooropen washopen systemopen bookrunning orderorder upfirst order of the dayin order