SELL PLUS ORDER

Used in the context of general equities. Market or limit order to sell a stated amount of stock provided that the price to be obtained is not lower than the last sale if the last sale was a plus , or zero plus tick , and is not lower than the last sale plus the minimum fractional change in the stock if the last sale was a minimum or zero minimum tick. (if a limit order , sale cannot be lower than the limit regardless of tick).