Explain the term- order, Finance Basics

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Explain the term- Order

Brokers receive numerous different types of buying and selling orders from their customers. Brokerage orders very as to the price at which order may be filled, time for which the order is valid and contingencies which affect the order. Customer's specifications are strictly followed. Broker is responsible for getting the best price for his customer at the time of the order is placed.

 


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