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Finance Dictionary and Glossary of Investment Terms
Used in the context of general equities. Indication on the order ticket of a limit order to buy or sell securities at a price better than the specified limit price if a better price can be obtained. Does not imply a not-held order, but rather puts more emphasis on executing at the limit if available.
Condition on an order instructing the broker to buy at or below the specified price, or to sell at or above the specified price.