A day order is an order to buy or sell securities that expires unless executed or canceled the day it is placed. All orders are typically day orders unless otherwise specified.
A brokerage customer's order to buy or sell a security, usually at a particular price, that remains in effect until executed or canceled.
The term 'Open' varies in meaning across different fields such as Banking, Finance, Securities, and Computers. It generally signifies the initiation of an action or status that is currently active and not yet completed.
An open order refers to a buy or sell order for securities that has not yet been executed or canceled.
