resting order

resting order definition - finance
An order whose price is away from the market and is waiting to be executed. For example, if an investor has placed an order to sell a stock at $70, but the price is at $60, it is away from the market.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.