limit on close

Limit on Close Order

An order to a broker to buy or sell a security at the end of the trading day at the best available price, provided it is equal to or better than some set price. See also: at-the-close order, limit order.
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limit on close

Of or relating to an order to sell or purchase a security at the closing price but only if the order can be executed at a specified price or better.
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.