Not exact matches
This is the short - term interest rate at which U.S financial institutions (such as banks, credit unions, and others in the Federal Reserve system) lend money to each other
overnight in
order to meet mandated reserve
levels.
There is a substantial risk that stop - loss
orders left to protect open positions held
overnight may be executed at
levels significantly worse than their specified price.
If the price of your stock «gaps down» on some
overnight adverse news, you might find yourself stopping out at a less favorable price than the
level at which you placed your stop
order.