instruction to buy or sell stocks only within a certain price range; restriction on the price range
An
order to
buy a
stock at or below a specified price or to sell a stock at or above a specified price. For instance, you could tell a
broker "
buy me 100
shares of XYZ Corp at $8 or less" or to "sell 100 shares of XYZ at $10 or better." The customer specifies a price and the order can be
executed only if the
market reaches or betters that price. A conditional
trading order designed to avoid the danger of adverse unexpected price changes.
An order placed with a broker to buy or sell at a price as good or better than the specified limit price.
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