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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
On the close order
Definition 1.
market order that is to be executed as close as possible to the closing price of the day.
Definition 2.
An order to buy or sell a given number of shares in a given stock at, or very close to, that day's closing price. The trade may not occur at the desired price, and it may not even occur at all.
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