Open order

Open order,

Definition of Open order:

  1. Alternative term for backlog.

  2. An order to conduct a securities transaction (i.e. buy or sell a security) which remains in effect (i.e. remains active) until either the order is canceled or executed.

  3. With in. A formation in which individual ships are spaced at regular intervals, especially at four cables apart.

  4. A formation of regularly spaced men, horses, etc.; especially one in which individual soldiers are two or more yards apart. Usually with preceding in (also † at).

Meaning of Open order & Open order Definition