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stop loss order
noun 
  1. (finance) A conditional order placed with a stockbroker (or similar) to close one's position if the market moves against it to a given price level. For example if shares are trading around $4.40 then a stop loss order might be to sell if it falls to $4.20. When short the opposite applies, the order being to buy back if the market rises to a given point.
     
 
  

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