A ________ is an order to sell a security if the price drops below a specified level or to buy if the price climbs above a specified level.
A)GTC order
B)market order
C)fill-or-kill order
D)stop-loss order
E)none of the above

Question

Quizplus · Accepted Answer

A stop-loss order is an order to sell a security if the price drops below a specified level or to buy if the price climbs above a specified level. This is a way of limiting potential losses or locking in profits. GTC orders are "good 'til canceled" orders that stay in effect until they are executed or canceled. Market orders are orders to buy or sell at the prevailing market price. Fill-or-kill orders are orders that must be executed immediately and completely or canceled.

A ________ Is an Order to Sell a Security If