Definition of limit order in English:

limit order

noun

Finance
  • A direction given to a broker to buy or sell a security or commodity at a specified price or better.

    ‘the exchange unveiled a computer-driven system that executes limit orders in seconds’
    • ‘Typically, the commissions are cheaper for market orders than for limit orders.’
    • ‘Limit orders have the advantage of limiting a loss or minimising a profit that investors want in a share.’
    • ‘Prior to the rules, market makers could let customer limit orders priced between their quotes simply sit in their books.’
    • ‘A reliable broker who can place a limit order using a limit price on the spread should enter this order.’
    • ‘Try using limit orders to buy within the spread to reduce this instant hit to your wealth.’