The price specified in a stop-limit order at which the order becomes a limit order. A stop-limit order to buy must have a stop-limit price above the security's current market price and a stop-limit order to sell must have a stop-limit price below the security's current market price. See also stop 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.