alternative order
Definition
Buy or sell' instruction by a client to an agent or broker under which execution of one choice preempts the other. The agent or broker can either sell the item or buy it, but cannot do both. Also called an either-or order, or one-cancels-the-other order.
alternative order is in the Commodities & Precious Metals Trading, Currency Trading, Purchasing & Procurement and Securities & Futures Trading subjects.
alternative order appears in the definitions of the following terms: either-or order and one-cancels-the-other order
This content can be found on the following page:
http://www.businessdictionary.com/definition/alternative-order.html
email to a friend
print this definition
cite this definition
link to this page
