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

stop-loss order  

Definition 1.

A customer order to a broker that sets the sell price of a stock below the current market price, therefore protecting profits that have already been made or preventing further losses if the stock drops. (See limit order)
 

Definition 2.

An order placed with a broker to sell when a certain price is reached. It is designed to limit an investor's loss on a security position. This is sometimes called a stop market order.
 
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