Examples of Stop Order in a sentence
If the Company accepts a Guaranteed Stop on a new Order the Company guarantees that when its bid or offer quoted price reaches or goes beyond the close at loss price specified by the Client, the Company will close the Client's open position at exactly the price the Client specifies in the Guarantee Stop Order.
An Open Position can be closed in accordance with the Client Agreements prior to reaching the Guaranteed Stop Order price level.
Upon receipt of the Stop Order, Seller will immediately comply with the terms of the Stop Order and will take all reasonable steps to minimize the incurrence of costs allocable to the Goods covered by the Stop Order.
If the Stop Order is canceled or the ninety-day period expires, Seller shall resume Goods and an equitable adjustment as to cost and/or schedule shall be made in accordance with the Changes provision.
Stop Order: An order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price.