Finance glossary
Market Order
Definition
An order to buy or sell immediately at the best available current price.
A market order executes immediately at whatever the current best price is. It guarantees execution but not price. In fast-moving or illiquid markets, the fill price may differ significantly from the price at order entry, which is called slippage.
In a sentence
He placed a market order to sell immediately, accepting whatever price the market offered.
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