Working Order

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Working Order

 

the condition of a technical device in which it meets all requirements stipulated by technical documentation. A device is considered in working order when all parameters defining its operating ability, condition, and appearance are within assigned limits and, in addition, when there are no failures of reserve units and elements. A product can go from working order to being out of order as a result of failure or damage.

References in periodicals archive ?
The notion of a true market order may disappear and all orders will be limit orders.
The issue in which Frank's article appears also contains a Lapham editorial attacking Washington Post columnist (and Reason Foundation trustee) Jim Glassman for "find[ing] no reason to think that the barbarism implicit in the restless energies of big-time global capitalism requires some sort of check or balance...by a lively...practice of...democratic politics." The essay is a bitter condemnation of the market order without a hint of explanation of what exactly is so hideously wrong with it (especially as compared with the alternatives).
Market order: An order to buy or sell stock immediately at the best available market price.