The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is LIMIT ORDER

At a specific maximum or minimum price, client-to-broker instruction say buy or sell an item. An action in commodities and securities trading. A balance may be kept for later execution If the entire order cannot be filled/executed at the same time, according to client instructions. Also known as resting order. Also refer to away from the market order, market order, not held order, and stop order.

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