What is another word for market order?
Pronunciation: [mˈɑːkɪt ˈɔːdə] (IPA) 
A market order in trading refers to the purchase or sale of a financial instrument at the prevailing market price. While the term market order is commonly used in the financial industry, there are several other terms that are used synonymously. These include at-the-market order, current market order, spot order, and on-the-spot order. All of these terms indicate an immediate execution of a trade at the current market price, unlike a limit order where the trader sets a specific price at which they are willing to buy or sell. Understanding the synonymy of market orders is essential for traders to ensure they place the right order type when executing their trades.
