Limit Order
Order Types
Definition
An order to buy or sell a security at a specific price or better, providing price control but not guaranteeing execution if the target price isn't reached.
Key Points
- Executes only at specified price or better
- Guarantees price, not execution
- Useful for controlling entry/exit prices
Quick Info
Category
Order Types
Related Topics
market order
price control
order book
Related Terms
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