TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

EITHER-OR ORDER [1 record]

Record 1 2010-08-10

English

Subject field(s)
  • Stock Exchange
  • Investment
DEF

[An] order giving a broker a choice between two courses of action ...

OBS

Such orders are either to buy or to sell, never both. Execution of one course automatically makes the other course inoperative. An example is a combination buy limit/buy stop order, wherein the buy limit is below the current market and the buy stop is above.

Key term(s)
  • either or order
  • one cancels the other order

French

Domaine(s)
  • Bourse
  • Investissements et placements
DEF

Ordre de bourse donnant à la maison de courtage de valeurs ou à un autre intermédiaire le choix entre deux opérations sur marchandises, sur valeurs ou sur autres instruments financiers.

OBS

L'exécution de l'une des opérations annule automatiquement l'autre.

Spanish

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