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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Day order  

Definition 1.

In the context of general equities, request from a customer to either buy or sell stock, that, if not cancelled or executed the day it is placed, expires automatically. All orders are day orders unless otherwise specified. Traders often make calls before the opening to check for renewals.
 

Definition 2.

Any order to buy or sell a security that automatically expires if not executed on the day the order is placed.
 
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