An instruction to a securities agent to purchase a stock as long as its price does not exceed a specified level is a ________.

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A limit order is an instruction to a securities agent to purchase a stock as long as its price does not exceed a specified level. A short sell is a sale of a security that the seller does not own, with the intention of buying it back later at a lower price. A market order is an instruction to a securities agent to buy or sell a security immediately at the best available price. A stop loss order is an instruction to a securities agent to sell a security when it reaches a specified price, in order to limit losses.

An Instruction to a Securities Agent to Purchase a Stock