Site Search
Main Finance Terms elect

elect



In general: choose a course of action. Someone who decides to incorporate a certain provision in a will elects to do so.
Securities trading: make a conditional order into a market order. If a customer has received a guaranteed buy or sell price from a specialist on the floor of an exchange, the transaction is considered elected when that price is reached. If the guarantee is that a stock will be sold when it reaches 20, and a stop order is put at that price, the sale will be elected at 20.


Dictionary of Business Terms
elect

choose a course of action. For example, someone who decides to incorporate a certain provision in a will elects to do so.



Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

elect