| an order from a customer to a broker to sell a security if the market price drops below a designated level. |
stop order
An order to buy or to sell a security when the security's price reaches or passes a specified level. At that time the stop order becomes a market order and the executing broker, usually the specialist, obtains the best possible price. A stop order to buy must be at a price above the current market price and a stop order to sell must have a specified price below the current market price. See also buy stop order, electing sale, protective stop, sell stop order, stop-limit order, stop price, trailing stop.
An order from the SEC suspending a registration statement when an omission or a misstatement has been found.
