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Finance Dictionary and Glossary of Investment Terms
An order to buy or sell securities that is large enough to affect the market price. Institutional Investors often carry out large purchases or sales through multiple trades over time in order to avoid a single significant order that might adversely affect the price or might create a market imbalance.
An order to buy or sell a security that, due to its abnormally large size, has the potential to have a significant effect on a security's price.