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 Glossary   >   F   >   "Fill or kill" Definition   

        Fill or kill

A particular type of order which a client gives to his broker when buying shares.The client specifies the company he wants to buy shares in, a price, and the number of shares he is prepared to buy at that price.When the price of the share matches the price specified by the client, the broker checks to see if he can "fill" the whole order at that price. If he cannot fill the whole order, in other words buy all the shares requested by the client, he "kills" it (i.e. cancels it and doesn"t buy any. If he can fill the whole order, he goes ahead with the transaction.

Fill or kill


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Fill or kill - A particular type of order which a client gives to his broker when buying shares.The client specifies the company he wants to buy shares in, a price, and the number of shares he is prepared to buy at that price.When the price of the share matches the price specified by the client, the broker checks to see if he can "fill" the whole order at that price. If he cannot fill the whole order, in other words buy all the shares requested by the client, he "kills" it (i.e. cancels it and doesn"t buy any. If he can fill the whole order, he goes ahead with the transaction.


Fill or kill : a particular type of order which a client gives to his broker when buying shares.the client specifies the company he wants to buy shares in, a price, and the number of shares he is prepared to buy at that price.when the price of the share matches the price specified by the client, the broker checks to see if he can "fill" the whole order at that price. if he cannot fill the whole order, in other words buy all the shares requested by the client, he "kills" it (i.e. cancels it and doesn"t buy any. if he can fill the whole order, he goes ahead with the transaction.