An instruction to a securities agent to buy or sell the security at the current market price is called a ________.

Question

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A market order is an instruction given to a securities agent to buy or sell a security immediately at the current market price. It is the quickest way to execute a trade and ensures that the order is filled promptly. A limit order, on the other hand, is an instruction to buy or sell a security at a specified price or better. A stop loss order is an instruction to sell a security at a specified price or below if the market price falls to that level. A margin order is a request to borrow funds from a broker to purchase securities.

An Instruction to a Securities Agent to Buy or Sell