Limit order
An order that executes only at a specified price or better. The price is certain, the fill is not.
Where it is explained in full
Funds: what you actually own when you buy one. Both kinds are baskets. The differences are in how you buy them, how they are priced, how they handle taxes, and what it costs to hold them for decades.
A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.
Words beside it
- contribution limit
The maximum dollar amount the government allows you to put into a certain account in a given year.
- Income limit
An income limit is a rule that says once you earn above a certain amount of money per year you are no longer allowed to do a specific financial action, like contributing directly to a Roth IRA.
- Market order
An order to buy or sell immediately at the best available price. Fast, but the price is not guaranteed.
- Payment for order flow
Brokers being paid to send customer orders to a market maker. Why trades are free and why spreads matter.
- Stop order
An order that becomes a market order once a price is hit. Not a guaranteed price.
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