Limit order

A limit order is familiar in the world of stockbroking and executing trades.

A limit order is a specific type of order that is placed, and which instructs an amount of a security to either be bought or sold at a specific price. There is most often a time limit attached and if the specific price is not hit during that time, the order does not get executed.

Related Articles

Debit card
Efficient Market
Credit Limit
Futures exchange
Compound interest

More Financial Words and Vocabulary Explained