An order placed by an investors seeking to sell stock when the price reaches a specified minimum is a ____ order.
A)market
B)stop-buy
C)stop-loss
D)none of the above

Question

Quizplus · Accepted Answer

A stop-loss order is an order placed by an investor to sell a stock at a predetermined price in order to limit the investor's loss. This order is commonly used to protect against further loss in a stock position that has decreased in value. It is also known as a stop order, stop-market order, or sell-stop order.

An Order Placed by an Investors Seeking to Sell Stock