The type of order in which the broker attempts to fill the order the day in which it is entered is known as a ____ order.

Question

Quizplus · Accepted Answer

A day order is an order to buy or sell a security that automatically expires if it is not executed by the end of the trading day. This means the broker will only attempt to fill the order during the day it is entered. Market, limit, and stop orders are not necessarily limited to the day they are entered and can potentially be executed at a later time.

The Type of Order in Which the Broker Attempts to Fill