If you call your broker and tell her to buy Exxon-Mobil when the price falls to $75, you are placing a:

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A limit order allows you to specify the exact price at which you wish to buy or sell a stock. In this case, you are telling your broker to buy the stock only if it falls to a specific price point of $75, which is a limit order. A market order would buy the stock immediately at the current market price, regardless of whether it is $75 or not. 401(k) contribution is not applicable here and a bid on an Exxon bond refers to buying a debt security, not a stock.

If You Call Your Broker and Tell Her to Buy