All-Or-None (AON) Order
An All-Or-None (AON) order is an order instruction that requires the entire quantity to be filled before it is executed; if the full amount cannot be filled, the order is not executed.
Example: An investor places an All-Or-None order to acquire 50,000 shares of a thinly traded stock; the order will only execute if the entire 50,000-share quantity can be filled, otherwise it is canceled at the end of the time-in-force.
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