\lˈɪmɪt ˈɔːdə], \lˈɪmɪt ˈɔːdə], \l_ˈɪ_m_ɪ_t ˈɔː_d_ə]\
Definitions of LIMIT ORDER
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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.
By Henry Campbell Black