stop loss order
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See also: stop-loss order
English
Alternative forms
Noun
stop loss order (plural stop loss orders)
- (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.