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A Market Order is one of the most common types of orders in the investment community.

In a "Market Order" you are guaranteed a "FILL", but not guaranteed a price.

So for example, you tell your broker to BUY100 EBAY at the MARKET.

this means, buy me Ebay at the Current Price on the Floor Now.

The broker goes and executes the buy at the market price. You find out what that price is when he reports back. So in essence you actually own the stock before you know what you paid.

If price is a concern there is another very often used order type known as a LIMIT ORDER.

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Q: What is a market order?
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