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Username: Fluffy Rating:  Asked to: Dara Madee Date Created: 22 May 2018 |
| Category | 28 |
| Tag | Financial |
| Question | What is a 'Limit Order'? |
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Hello Fluffy, A limit order is a take-profit order placed with a bank or brokerage to buy or sell a set amount of a financial instrument at a specified price or better; because a limit order is not a market order, it may not be executed if the price set by the investor cannot be met during the period of time in which the order is left open. Limit orders also allow an investor to limit the length of time an order can be outstanding before being canceled. |
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