What is a stop or stop loss order?

What is a stop or stop loss order?
In FINANCIAL INFORMATION EXCHANGE (FIX)  protocol A stop order ( also stop loss order) is an order to buy ( or sell) a security once the price of the security has  reached  above ( or fall below) a specified stop price. When the specified stop price is breached, the stop order is entered as a market order ( no limit).

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