limit order |
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Definition
In commodities and securities trading, a client's instructions to a broker to buy or sell an item at a specific maximum or minimum price. If the entire order cannot be filled (executed) at the same time, the balance may be kept for later execution according to the instructions. Also called resting order. See also away from the market order, market order, not held order, and stop order.
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limit order is in the Commodities & Precious Metals Trading, Investing and Securities & Futures Trading subjects.
limit order appears in the definitions of the following terms: do not reduce (DNR), no limit order and resting order
limit order appears in these other terms: price limit order, stop limit order, time limit order
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