stop loss order

See also: stop-loss order

English

Alternative forms

• stop-loss order

Noun

stop loss order (plural stop loss orders)

1. (stock market) A conditional order placed with a stockbroker (or similar) to close one's position if the market drops (or rises in some cases) to a specified price level.

   The shares are currently trading at $4.40 and he has issued a stop loss order to sell if they fall to $4.20.

Synonyms

• stop order

Related terms

• buy-stop order