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Buying Order
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

An order given to a broker to purchase securities, commodities, etc., with certain specifications.  Among brokerage houses, there are two ordinary classes of round-lot orders as to price limits:  market orders and limit or limited orders.  Classified as to time limits, orders are day orders (a market order is always a day order), week or month orders, and open or GTC (good 'til cancelled) orders.  Special types of orders include stop order, stop and limit order, discretionary order, immediate or cancel order, and cancel order (straight cancel order or cancel former order).  

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