Limit Order

Business / Taxes / Limit Order: A limit order sets the maximum you will pay for a security or the minimum you are willing to accept on a particular transaction. For example, if you place a limit order to buy a certain stock at $25 a share when its current market price is $28, your broker will not buy the stock until its share price reaches $25. Similarly, if you give a limit order to sell at $25 when the stock is trading at $20, the order will be filled only if the price rises to $25. A limit order differs from a market order, which is executed at the current price regardless of what that price is. It also differs from a stop order, which becomes a market order when the stop price is reached and is executed at the best available price.

Other Words for Limit

Limit Noun Synonyms: check, curb, bridle, restrict, restrain, hold in check
Limit Verb Synonyms: set, define, determine, fix
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Other Words for Order

Order Noun Synonyms: organization, uniformity, regularity, system, pattern, symmetry, harmony, tidiness, orderliness, neatness
Order Verb Synonyms: organization, arrangement, grouping, disposition, form, structure, categorization, systematization or systemization, classification, codification, disposal, layout, array, sequence, set-up
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Buy Minus Order

Business / Finance / Buy Minus Order: In the context of general equities, rare market or limit order to buy a stated amount of a stock, provided that the price to be obtained is not higher than the last sale if the last sale is a minus or MORE

Buy Limit Order

Business / Finance / Buy Limit Order: A conditional trading order that indicates a security may be purchased only at the designated price or lower. Related: Sell limit order. MORE

Stop-Limit Order

Business / Finance / Stop-Limit Order: An order given a depository institution not to pay out cash for a check; often used when the check has been stolen or lost. MORE

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