Sold on order. A term applied to goods for which an order has been received by the seller and
which have not yet been delivered or which are to be delivered in the future. For instance, a
wholesale dealer may sell on order goods yet to be received by him; or a mill manufacturing
woolen goods or cotton goods may sell on order its output for three months (for three months
ahead)—in other words, it may sell goods not yet produced the production of which will take three
months.