limit order

Definition

An order to a broker to buy a specified quantity of a security at or below a specified price, or to sell it at or above a specified price (called the limit price). This ensures that a person will never pay more for the stock than whatever price is set as his/her limit. This is one of the two most common types of orders, the other being a market order. opposite of no limit order.



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Related terms:

away from the market, stop-limit order, buy limit order, alternative order, at the close, Designated Order Turnaround, either-or order, limit order book, on close, public book  and  

'limit order' appears in these other terms:

sell limit order, limit order information system, no limit order

'limit order' appears in the definitions of these other terms on BusinessDictionary.com:



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