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Buy Limit Order

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Buy limit order
A conditional trading order that indicates a security may be purchased only at the designated price or lower. Related: Sell limit order.
Buy Limit Order
An order to a broker to buy a security if and only if the best available price is equal to or less than some set price. See also: limit order.
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An individual or firm that wants to buy more than 1,000 shares cares not only about the best bid, but also cares about the buy limit orders submitted at lower prices because some of the big sell order may be executed at the lower prices.
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