Market Not Held Order
Definition: [crh] Also a market order, but the investor is allowing the floor broker to use his own Definition: discretion as to the exact timing of the execution. If the floor broker expects a decline in price and he is holding a "market not held buy order", he (she) may wait to buyDefinition: , figuring that a better price will soon be available. There is no guarantee that a "market not held order" will be filled.
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