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Finance Dictionary and Glossary of Investment Terms
An order to buy or sell a certain quantity of a certain security at a specified price or better, but only after a specified price has been reached. A stop-limit order is essentially a combination of a stop order and a limit order.
A stop order that designates a price limit. Unlike the stop order, which becomes a market order once the stop is reached, the stop-limit order becomes a limit order.
An order placed with a broker to buy or sell at a specified price (or better) after a given stop price has been reached or passed.