stop-limit order 1
noundomain: communication
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EnglishDefinition
An order placed with a broker that is executed after a given stop price has been reached, and then becomes a limit order to buy (or sell) at the limit price or better.
Examples
- 1.A stop-limit order at $15 in such a scenario would not be exercised, since the stock falls from $20 to $12.50 without touching $15.
