A limit order specifies a securities trade is to be made only at a certain price or better.

Name: A limit order specifies a securities trade is to be made only at a certain price or better.
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A limit order is a type of order to buy or sell a security at a specified price or better. It allows the investor to control the price at which the trade is executed. If the market price does not reach the specified limit price, the trade will not be executed.

A Limit Order Specifies a Securities Trade Is to Be