Day Order
Any order to buy or sell a security that automatically expires if not executed on the day the order is placed. Investopedia Says:
A day order will not be executed if the limit or stop order prices were not met during the day. A way to increase the life of an order is to order securities on a "good until canceled" basis, in which the trade will not expire until it is canceled or until it reaches a maximum time limit set by the brokerage. Related Terms:
Day-Around Order
Good 'Til Canceled
Limit Order
Order
Stop Order
Time-Of-Day Order |