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Finance Dictionary and Glossary of Investment Terms
stop-loss order
Definition 1.
A customer order to a broker that sets the sell price of a stock below the current market price, therefore protecting profits that have already been made or preventing further losses if the stock drops. (See limit order)
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Definition 2.
An order placed with a broker to sell when a certain price is reached. It is designed to limit an investor's loss on a security position. This is sometimes called a stop market order.
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