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

Buy Stop Order  

Definition 1.

An order to buy a security which is entered in at a price above the current offering price. It is triggered when the market price touches or goes through the buy stop price.
 

Definition 2.

A buy order which is to be held until the market price rises to a specified stop price, at which point it becomes a market order. This is not permitted for over-the-counter trading. also called suspended market order.
 
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