stop-limit order


An order to buy or sell a certain quantity of a certain security at a specified price or better, but only after a specified price has been reached. A stop-limit order is essentially a combination of a stop order and a limit order.

Use stop-limit order in a sentence

We had a stop-limit order that we had to fulfill and I realized it would take some time to do.

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You may need to make a stop-limit order so that you know that you do not exceed what you can handle.

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The stop-limit order was exercised by the broker, who was advised by the financial adviser, who was advised by the CEO.

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protective stop or better