An order to buy or sell when the market reaches a specified point. A stop order to buy becomes a market order when the futures contract trades (or is bid) at or above the stop price. A stop order to sell becomes a market order when the futures contract trades (or is offered) at or below the stop price. Chicago Board of Trade glossary
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An order to buy or sell at the market when a definite price is reached, either above (on a buy) or below (on a sell) the price that prevailed when the order was given. Bloomberg Financial Dictionary
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An order specifying a price at which it is activated and becomes a limit order. A buy stop is entered above the current market and becomes a limit order when the commodity trades at or above the specified stop trigger price. A sell stop is entered below the current market. It becomes a limit order when the commodity trades at the stop price or below. The stop can immediately execute up to the limit price. Chicago Mercantile Exchange Glossary
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An order which is activated when a stipulated market level is reached. Once the stop level has been reached by the market, the order becomes a market order and trades at the prevailing market price, not necessarily the specified stop level. Stops to sell are entered below the market, stops to buy above the market. They are generally used to exit positions, unlike MIT orders which are normally used to enter the marketplace. Dresdner Kleinwort Wasserstein financial glossary
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(or stop)
An order to buy or sell at the market when and if a specified price is reached. LIFFE
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stop order UK US noun [C] FINANCE, STOCK MARKET
Financial and business terms. 2012.