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Order

Order Definition

In securities and commodities trading an order is an instruction to a broker to buy or sell an item. In banking an order is a check or draft through which the issuer authorizes a financial institution to pay a certain amount of money to the holder.

 


Additional meaning of Order:

A order in commercial terms means an instruction to buy or sell goods and services. The goods or services that are supplied are also referred to as order. The order is usually a confirmed request by one party to another to deliver goods or services under specified terms and conditions.


RELATED TERMS
Order Imbalance



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