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Time orderOrder that becomes a market or limited price order or is canceled at a specific time.Time order Similar MatchesNegotiable Order of Withdrawal Account (NOW)Negotiable Order of Withdrawal Account (NOW)An interest-earning account on which chechs may be drawn. Withdrawals from NOW accounts may be offered by commerical banks, mutual savings banks, and savings and loan associations and may be owned only by individuals and certain nonprofit organizations and govermental units. Order ParameterOrder ParameterIn a nonlinear dynamic system, a variable-acting link a macrovariable, or combination of variables-that summarizes the individual variables that can affect a system. In a controlled experiment, involving thermal convection, for example, temperature can be a control parameter; in a large complex system, temperature can be an order parameter, because it summarizes the effect of the sun, air pressure, and other atmospheric variables. See: Control parameter. Standing orderStanding orderAn order by a customer to his/her banker to pay a specified amount usually on or around a particular day of the month regularly to another account. This could be typically to a person's building society for regular payment of mortgage interest or for premiums for life assurance. If the payee, for example, a building society, requires payments to be increased (or decreased) it must write to the customer requesting a change in the amount of the standing order. The customer then instructs his/her bank accordingly. The current trend for regular payments however seems to be towards direct debit where the customer agrees to the payee debiting (claiming funds from) his/her account. Stop order (or stop)Stop order (or stop)An order to buy or sell at the market when a definite price is reached, either above (on a buy) or below (on a sell) the price that prevailed when the order was given. OrderOrderInstruction to a broke../../finance-glossary/dealer to buy, sell, deliver, or receive securities or commodities that commits the issuer of the "order" to the terms specified. See: indication, inquiry, bid wanted, offer wanted. Further Suggestionsmarket orderRoll order Buy limit order Orderly Marketing Arrangement Not held order (NH order) Either or order Economic order quantity (EOQ) limit order Significant order Purchase order Money order Pecking order view (of capital structure) order book On the close order Any part of order First order condition Dividend Order Spread order On the opening order Cross border bonds Boston Exchange Automated Communication Order Routing Network (BEACON) Order ticket cancel former order Designated order turnaround system (DOT) Presale order |
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