execute-and-eliminate order
- execute-and-eliminate order
An order submitted to an order book to deal in a specified number of shares at a price no higher than a specified limit price. It may execute, either in part or in full, against eligible orders (at the price of those orders). Unexecuted portions of execute and eliminate orders are rejected from the order book. London Stock Exchange Glossary
Financial and business terms.
2012.
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