Limit order
Limit orders give investors some control over the price they buy and sell shares compared to market orders, and can be used to buy or sell shares at a lower price than they're currently trading at. To create a limit order, an investor enters the exact number of shares at the price they want to pay (buy), or receive (sell). The order will be completed for buyers, if the market price matches or goes lower; and for sellers, if the market price matches, or goes higher. Understand the differences between market and limit orders.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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