Noun
stop loss order (plural stop loss orders)
(stock market) A conditional order placed with a stockbroker (or similar) to close one's position if the market drops (or rises in some cases) to a specified price level.
The shares are currently trading at $4.40 and he has issued a stop loss order to sell if they fall to $4.20.
stop-loss order (plural stop-loss orders)
Alternative spelling of stop loss order
stop-loss order