The best possible buyor sell order for securities wherin the broker is not held liable due to a failure to obtain the best possible price. The order is used as a substitute for the limiting only when it is permitted by the securities exchange concerned.

More On This Topic

Link to This Definition
Did you find this definition of NOT HELD ORDER helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary