or better

Or better

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.

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Or Better

The limit price in a limit order. That is, when making an OB order, the investor states that he/she wants to buy or sell at a given price or a better one if it is available.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

or better (OB)

Used as a designation on a limit order ticket to indicate that the limit, in the case of a buy order, is higher than the market price, and, in the case of a sell order, is lower than the market price.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.