Two orders given to a broker, for which the execution of either one automatically cancels the other. One example is combining a buy limit order with buy stop order.The buy limit order will only be executed if the market price is below a specified price, and the buy stop order will only be executed if the market price is above a certain price. If one order is executed, the other is cancelled. also called alternative order.
Related information about either-or order:
- What is either-or order? definition and meaning
Definition of either-or order: Two orders given to a broker, for which the execution of either one automatically cancels the other. One example is combining a buy ...
- What is alternative order? definition and meaning
... 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.
- either-or order - Invest Definition
either-or order definition: A trade order given to a broker where the execution of one of the orders automatically cancels another order. One example is a ...
- Either-Or Order - Financial Dictionary - The Free Dictionary
Wikipedia encyclopedia ? Either-Or Order. 0.01 sec. Either-or order. Used in the context of general equities. See: Alternative order. One-Cancels-the-Other Order ...
- Either-Or Order Definition & Example | InvestingAnswers
We explain the definition of Either-Or Order, provide a clear example of how it works and explain why it's an important concept in business, finance & investing.
- OCO - One-Cancels-the-Other Order Definition & Example ...
If one part of an order on a security is executed, then the other part is canceled. Such an order is also referred to as an "alternative order" or "either-or" order.
- Either-Or Order: Definition from Answers.com
see alternative order . Previous: Eitf , Efficient Portfolio Next: Elasticity of DemAnd and Supply , Elect.
- E Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
Mar 1, 1996 ... Either-or order: Used in the context of general equities. See: Alternative order. Either-way market: In the interbank Eurodollar deposit market, an ...