Business / Taxes / Stop-Limit Order: A stop-limit is a combination order that instructs your broker to buy or sell a stock once its price hits a certain target, known as the stop price, but not to pay more for the stock, or sell it for less, than a specific amount, known as the limit price. For example, if you give an order to buy at '40 stop 43 limit,' you might end up spending anywhere from $40 to $43 a share to buy a stock, but not more than $43. A stop-limit order can protect you from a rapid run-up in price — such as those that may occur with an initial public offering (IPO) — but you also run the risk that your order won't be executed because the stock's price leapfrogs your limit.
Order Verb Synonyms: organization, arrangement, grouping, disposition, form, structure, categorization, systematization or systemization, classification, codification, disposal, layout, array, sequence, set-up
Order Noun Synonyms: organization, uniformity, regularity, system, pattern, symmetry, harmony, tidiness, orderliness, neatness
Business / Finance / Stop-Loss Order: A stop order that designates a price limit. Unlike the stop order, which becomes a market order once the stop is reached, the stop-limit order becomes a limit order. MORE
Business / Finance / Contingency Order: A market condition in which futures prices are higher in the distant delivery months. MORE