A market order is an order for immediate purchase or sale at the best possible price.

Name: A market order is an order for immediate purchase or sale at the best possible price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A market order instructs the broker to buy or sell the specified security immediately at the best available price. It is executed quickly, but the price at which the trade is executed may not be the exact price at the time the order was placed due to fluctuations in the market.

A Market Order Is an Order for Immediate Purchase or Sale