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Split order
The financial definition for Split order:
A large securities transaction that is divided into smaller orders that are spread out over some period of time to avoid large fluctuations in the market price.
Similar MatchesGift splittingGift splitting A technique used to avoid a gift tax in which a large sum of money to be given by two parents to a child is halved and given to the child separately For example, a husband and wife each donate $10,000 to their child rather than one parent donating $20,000.
Order splittingOrder splitting Breaking up orders so that they can be processed as small orders for execution by SOES. Prohibited by NASD.
Split commissionSplit commission A commission shared between a broker and a financial adviser or other professional who brought the customer to the broker.
Further Suggestions Split coupon bond
Split fee option
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