Glossary › limit order
Trading glossary · markets
limit order
An order that says 'buy or sell only at this price or better', so you never pay more than you chose.
The fuller meaning
An order to buy at or below, or sell at or above, a set price. It controls the fill price but may not fill at all if the market never reaches it or jumps past; a stop-limit order combines a stop trigger with a limit, trading the risk of a bad fill for the risk of no fill.
limit order.
Related words
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