Define: At Best Order

At Best Order
At Best Order
What is the dictionary definition of At Best Order?
Dictionary Definition of At Best Order

At Best Order is a financial trading term that refers to an instruction given by an investor to a broker to execute a trade at the best available price in the market at the time of the order. This type of order ensures that the investor will receive the most favorable price for their trade, whether buying or selling a security. It is often used when the investor wants to ensure that the trade is executed quickly and at the most advantageous price.

Full Definition Of At Best Order

At Best Order is a legal principle that refers to the duty of a fiduciary to execute transactions on behalf of a client in the most advantageous manner possible. This principle requires the fiduciary to prioritize the client’s interests above their own and to act diligently and prudently in executing orders. The fiduciary must consider factors such as price, cost, speed, and likelihood of execution when determining the best order for the client. Failure to adhere to the At Best Order principle may result in legal consequences, including breach of fiduciary duty claims.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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