when you ask a broker to buy or sell shares you can set a limit price. This will represent a maximum price you want to pay, if you are buying, or the minimum you would like to receive, if you are selling. It's best to check with your broker how they handle limit prices. For example, some will cancel your trade after a certain time if they can't do ... Found on http://www.encyclo.co.uk/local/21566
The maximum buying price or minimum selling price a client is prepared to respectively pay or accept... <a target=_blank href='http://www.finance-glossary.com/terms/limit-price.htm?id=855&ginPtrCode=00000&PopupMode=false' title='Read full definition of limit price'>more</a>
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