Canadian Securities Course (CSC) Level 1 Practice Exam 2025 – All-In-One Guide to Master Your Exam Prep!

An on-stop sell order, also known as a stop-loss order, is an instruction from an investor to a broker to sell a security once it reaches a certain price level. This type of order is designed to limit an investor's loss on a position in a security. By triggering a sale once the price reaches a specified level, the investor aims to prevent further loss if the security's price continues to move in an unfavorable direction.

The other options are incorrect because:

- Option A mentions an order to sell at a fixed price, which is not the same as a stop-loss order where the price at which the sell order is triggered is variable based on market movements.

- Option B refers to an order to sell a stock only when another condition is met, which is different from a stop-loss order that is executed when the stock reaches a certain price level.

- Option D describes an order to sell a stock immediately at any price available, which is known as a market order and is not the same as a stop-loss order that triggers a sale at a specified price level.