The following are some night thoughts on finite order distributions which might be of interest since this topic is a rich source of fruitful questions on the relations between abstract functional analysis and spaces of functions and distributions.
I will start with the case of distributions on a compact interval which we can suppose to be $[-1,1]$. This is, of course, trivial in the sense that every distribution there is of finite order but it will serve to introduce some of the questions which arise on the line. Firstly, there is a certain ambivalence in the notion of the order of a distribution. It seems to be used in the sense of the smallest degree of differentiation required to obtain a given distribution from a measure. But there are other versions, e.g., using continuous or integrable functions, which are more appropriate in certain situations. Thus the important example of the dipole can be regarded as the derivative of a measure (the Dirac function, by definition), the second derivative of an integrable function (the Heaviside function) or the second derivative of a continuous function (the absolute value up to a factor). This will play a more important role in the case of distributions on the line.
The very definition displays the space of distributions as a union of a sequence of Banach spaces and it is natural to give it the corresponding inductive limit topology (in the l.c. sense). This leads to several natural questions: is the space complete and do the bounded sets, compacta and convergent sequences arise in the natural way from the component Banach spaces? A further source of questions is whether the space of distributions has a natural representation as the dual of a space of test functions and whether the inductive limit topology has a natural interpretation in terms of this duality. In this situation these questions all have positive answers but on the line this is, as we shall see, less clear.
In this case, the positive properties can be deduced from the fact that the inductive limit is of a special structure--the interconnecting maps between the component Banach spaces are compact (even nuclear) which means that the distribution space is are Silva spaces and these have very special properties (see, e.g., Köthe´s monograph).
In the case of distributions on the line, there are many candidates for the notion of a distribution of finite order and the situation is correspondingly diverse and has scarcely been investigated. In order to illustrate this we shall discuss four important cases--finite derivatives of measures, of continuous functions, of $L^p$-functions and of functions of polynomial growth.
Starting with the $L^p$ case. These were already considered by Schwartz. In the reflexive cases, they are so-called weak Silva spaces (defined as for Silva spaces but with weak compact operators). Such spaces were considered in the 60´s of the last century but I have been unable to trace any references.
Derivatives of continuous functions. In this case, one obtains a so-called $LF$-space (union of a sequence of Frechet spaces, but not a strict inductive limit). Such spaces were investigated by Grothendieck in his thesis. I don´t think that the answer to any of the questions mentioned in the beginning of this answer is known in this case.
The case of repeated derivatives of continuous functions of polynomial growth (obvious definition) is back in familiar territory--this is the space of tempered distributions, perhaps the most important one in mathematical physics. Once again, this is a nuclear Silva space and so all is well.
We finish with the case which is the one most used in the term distributions of finite order--repeated derivatives of measures on the line.
From the point of view of functional analysis, this is by far the most complicated one. It is an inductive limit of a sequence of so-called $DLF$-spaces (the latter are, in analogy to Grothendieck´s $DF$-space, motivated by the duals of strict $LF$-spaces in the sense of Dieudonne and Schwartz).
To my knowledge, nobody has attempted to examine this situation, in particular with respect to the above questions, in detail.