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English definition of “limit order”

limit order

noun [C]
 
 
STOCK MARKET
an instruction to a financial organization to buy or sell shares, etc. at or below a particular price, and not above that price, within a certain period: Use a limit order to define the price you're willing to pay, which limits your market impact. → See also buy limit order, sell limit order
(Definition of limit order from the Cambridge Business English Dictionary © Cambridge University Press)
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