stop order. 1. ORDER(8). 2. An SEC order that suspends a registration statement containing false, incomplete, or misleading information. [Cases: Securities Regulation 25.16. C.J.S. Securities Regulation § 85.] 3. A bank customer’s order instructing the bank not to honor one of the customer’s checks. — Also termed (in sense 3) stop-payment order. [Cases: Banks and […]
An order to buy or sell when the security’s price reaches a specified level (the stop price) on the market. • By fixing the price beforehand, the investor is cushioned against stock fluctuations. — Also termed stop-loss order; stop-limit order. [Cases: Brokers 24(1). C.J.S. Brokers §§ 71–72.]
stop order (1)止蚀指令 在证券交易中，多头或空头客户为了确保已实现的利润或防止进一步的损失，向其经纪人发出的指令，要求其所买入或抛出的证券到达某一指定价格〔stop price〕水平时，按市价及时代之售出或购回。多头客户要承受价格下跌造成损失的风险，可以「止蚀卖出指令」〔stop sell order〕要求于价格下跌至一定水平时迅即售出；空头客户会在价格上升中蒙受损失，可以「止蚀买进指令」〔stop buy order〕要求于价格上升至一定水平时迅即购回。 (2)停靠指示 公共交通管理部门要求承运人在途中停靠某一点以搭载旅客或货物的指示。 (3)停止支付通知 (→stop payment order)