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Term Of The Day- Stop Loss Order
What does it mean?
An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit an investor’s loss on a security position.
Also known as a “stop order” or “stop-market order”.
Source: Investopedia
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on Tuesday, July 21st, 2009 at 3:51 am and is filed under Term Of The Day.
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