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Finance Dictionary and Glossary of Investment Terms
1. An order involving the simultaneous execution of two or more transactions.2. An order whose execution depends upon the execution and/or price of another security.
An order which is to be executed only if another order is executed first. An example of a contingent order would be to sell one specific security if another specific security has been bought. Brokers often do not like to work with these orders, given the uncertainty and extra work involved.