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Fill or Kill
Term category: Stocks
In 10 words or less: A stipulation that an order must be completed immediately or not at all.

Definition: A type of stock order that requires the broker to fill the order right away or not at all.

StockJargon Advice: Investors place this order if they want their order filled right away, for whatever reason. If the order can't be filled immediately, the broker is given instructions to cancel the trade and the investor won't receive the stock.

This type of trade is slightly uncommon for small investors.

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