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Legal Definitions - either-or order

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Definition of either-or order

Definition: An order to buy a security by either of two alternatives.

Example: An investor places an either-or order to buy a stock at a limited price or buy on a stop order.

Explanation: An either-or order gives the investor two options to buy a security. In the example, the investor can choose to buy the stock at a limited price or buy it when the stock reaches a certain stop price. This type of order allows the investor to have more control over their investment strategy.

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Simple Definition

An order is a command or instruction given by a court or government agency. It can be a final decision or a temporary one that relates to a specific matter in a case. There are different types of orders, such as a filiation order that determines paternity, a support order that directs payment for child support, or a restraining order that prohibits certain actions. In the stock market, an order is an investor's instruction to buy or sell securities at a specific price or time.

A good lawyer knows the law; a great lawyer knows the judge.

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