Meaning of "DO NOT REDUCE ORDER" in English


Used in the context of general equities. Limit order to buy, order to sell, or a stop limit order to sell which is not to be reduced by the amount of an ordinary cash dividend on the ex-dividend date. A "Do not reduce order" applies only to ordinary cash dividends , and not stock dividends or rights .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.