Meaning of the word "market order" in English

What does "market order" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

market order

US /ˈmɑːrkɪt ˌɔːrdər/
UK /ˈmɑː.kɪt ˈɔː.də/
"market order" picture

Noun

an order to buy or sell a security immediately at the best available current price

Example:
He placed a market order to buy 100 shares of the stock.
A market order guarantees execution but not a specific price.
Antonym: