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Limit order

• An order to buy a stock at or below a specified price or to sell a stock at or above a specified price. For instance, you could tell a broker Buy me 100 shares of XYZ Corp at $8 or less or to sell 100 shares of XYZ at $10 or better. The customer specifies a price and the order can be executed only if the market reaches or betters that price. A conditional trading order designed to avoid the danger of adverse unexpected price changes.

• An order placed with a broker to buy or sell at a price as good or better than the specified limit price. Sometimes known as an Or Better Order.

 
 

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Limit price
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Or better order
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